MalReynolds
Legendary
 Offline
Activity: 938
Merit: 1000
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October 14, 2017, 11:59:43 AM |
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  From Wikipedia: WeChat Pay payment services In China, users who have provided bank account information may use the app to pay bills, order goods and services, transfer money to other users, and pay in stores if the stores have Wechat payment option. Vetted third parties, known as "official accounts", offer these services by developing lightweight "apps within the app".[38] WeChat Pay is a digital wallet service incorporated into WeChat, which allows users to perform mobile payments and send money between contacts.[39] Every WeChat user has their own WeChat Payment account. Users can acquire a balance by linking their WeChat account to their debit card, or by receiving money from other users. Users who link their credit card can only make payments to vendors, it cannot be used to top up WeChat balance. WeChat Pay can be used for digital payments, as well as payments from participating vendors.[40] As of March 2016, WeChat Pay has over 300 million users worldwide. In April 2016, WeChat invested RMB 100 million in accelerating market expansion for WeChat Pay.[41] In 2014 for Chinese New Year, WeChat introduced a feature for distributing virtual red envelopes, modelled after the Chinese tradition of exchanging packets of money among friends and family members during holidays. The feature allows users to send money to contacts and groups as gifts. When sent to groups, the money is distributed equally, or in random shares ("Lucky Money"). The feature was launched through a promotion during China Central Television's heavily watched New Year's Gala, where viewers were instructed to shake their phones during the broadcast for a chance to win sponsored cash prizes from red envelopes. The red envelope feature significantly increased the adoption of WeChat Pay. A month after its launch in 2014, WeChat Pay's user base expanded from 30 million to 100 million users, and 20 million red envelopes were distributed during the New Year holiday. By 2016, 3.2 billion red envelopes were sent over the New Year holiday period, and 409,000 were sent at midnight on Chinese New Year.[40] Jack Ma founder of WeChat's main competitor Alibaba, considered the red envelope feature to be a "Pearl Harbor moment", as it began to erode Alipay's historic dominance in the online payments industry in China, especially in peer-to-peer money transfer. The success prompted Alibaba to launch its own version of virtual red envelopes in its competing Laiwang service. Other competitors, Baidu Wallet and Sina Weibo, also launched similar features.[40] In 2016, in order to offset banking charges, WeChat made a service charge if users transferred cash from their WeChat wallet to their debit cards. Each user had a 1,000 Yuan free withdrawal limit. Further withdrawals of more than 1,000 Yuan were charged a 0.1% fee with a minimum of 0.1 Yuan per withdrawal. Other payment functions including red envelopes and transfers were still free.[42] WeChat Pay's main competitor in China and the market leader in online payments was Alibaba Group's Alipay which had 54% of the electronic payments market in China in the first three months of 2017 versus 40% for WeChat.[43] However Tencent claimed in 2017 that WeChat had 600 million active WeChat mobile payment users versus 450 million for Alibaba's Alipay.[27] |
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Hazara
Member
Offline
Activity: 117
Merit: 11
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October 14, 2017, 01:03:23 PM |
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heard something about next week visa cooperation with mco, if thats true and they can deliever the price ll start to rise and we ll see 100$ mco in one month
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fajarkus12
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October 14, 2017, 01:20:53 PM |
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heard something about next week visa cooperation with mco, if thats true and they can deliever the price ll start to rise and we ll see 100$ mco in one month
I read on twitter the dev said that they will update something at wednesday, Oct 18th, no detail description, update about visa approval or not. I also hope they will bring good news about visa approval at october 18th |
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Walker0118
Full Member
Offline
Activity: 347
Merit: 100
😶😶😶😶😶
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October 14, 2017, 01:23:12 PM |
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Has anyone recived the card yet ?
Becouse If the card doesnt Come , the project Will be worthless
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jennal
Newbie
Offline
Activity: 54
Merit: 0
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October 14, 2017, 01:39:25 PM |
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Just bought some MONACO I am planning to order their card for 50 tokens. Can you guys share experiences about fees and price of cryptos while purchasing
Any MONACO Holder here with experience?
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fajarkus12
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October 14, 2017, 02:42:27 PM |
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Just bought some MONACO I am planning to order their card for 50 tokens. Can you guys share experiences about fees and price of cryptos while purchasing
Any MONACO Holder here with experience?
You mean about exchange fee? if yes, i suggest to buy mco at bittrex because more liquid than other exchange and buy it using bitcoin or ethereum because more liquid. You will be charged 0.25% per transaction |
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fajarkus12
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October 15, 2017, 06:29:21 AM |
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Nice article about the advantages of monaco, but we all still waiting about great news on october, 18th. I hope they will announcement about visa approval so this coin price will increase again |
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TheHas
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October 15, 2017, 07:01:27 AM |
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I feel like this article is just a summary of its potential, rather than showing what it currently is. Either way, based on potential I'm excited about Monaco  |
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theuploader
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October 15, 2017, 09:08:38 AM |
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This coin has nothing to do with Visa. They can't use any Visa name or logo because of trademark issues. They used Visa in the past to marketing but when they realized there's a lawsuit coming they immediately remove anything related to Visa in their campaign. I don't think they can press a card that is accepted in ATM's anyway.
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SuWide
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October 15, 2017, 09:16:28 AM |
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This Is just scam guys. They Fake Visa pictures. Then they get „leaked“ to dump
their coins to the fomo buyers. Stay away
Su
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fajarkus12
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October 15, 2017, 10:11:04 AM |
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This coin has nothing to do with Visa. They can't use any Visa name or logo because of trademark issues. They used Visa in the past to marketing but when they realized there's a lawsuit coming they immediately remove anything related to Visa in their campaign. I don't think they can press a card that is accepted in ATM's anyway.
I have read on monaco website that with monaco card we can spend cryptocurrency on ATM that mean this card need visa or mastercard approval. Maybe on october 18th they will announcement about visa approval, i also hope it will happen, because without visa approval this card i think can't usage |
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SuWide
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October 15, 2017, 10:21:29 AM |
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This Is just scam guys. They Fake Visa pictures. Then they get „leaked“ to dump
their coins to the fomo buyers. Stay away
Su
Hey it's fud mcfudster. Sod off. Just did a check on your past post history. Seem to be talking up stratis and neo. But bashing on a few other coins. Your first post in mco thread and it's fud I know a lot of People who got burned by their fake visa picture which were hosted On the Monaco website. Sorry sweety, but Reality > fud |
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topcigars
Newbie
Offline
Activity: 136
Merit: 0
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October 15, 2017, 03:38:40 PM |
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are we having moon in 3 days??
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Isaaq.Almaguer
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October 15, 2017, 03:42:23 PM |
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are we having moon in 3 days??
We will have the dev update 2 in 3 days, whether it's a moon or a dump, depends on what's in there.  |
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GröBkAz
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October 15, 2017, 08:38:58 PM |
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are we having moon in 3 days??
Whats up in 3 days any news or updates coming? |
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aikklond
Legendary
Offline
Activity: 1148
Merit: 1000
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October 15, 2017, 09:00:34 PM |
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one of my most trusted projects. I'm still looking forward to it. hopefully a deal with visa and MasterCard provided. it will be very nice. |
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jeen5
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October 15, 2017, 09:11:58 PM |
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one of my most trusted projects. I'm still looking forward to it. hopefully a deal with visa and MasterCard provided. it will be very nice. really will deal with this company? where did you come from this information. really if you have such a story will increase a lot. we can buy? thanks. |
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thelema93
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October 16, 2017, 12:27:28 AM |
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are we having moon in 3 days??
Whats up in 3 days any news or updates coming? yes, the next dev update. we are all expecting news of card program approval, as well as new app features, card issuance news etc wednesday 18th 🚀🚀🚀🚀🚀 |
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fajarkus12
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October 16, 2017, 05:50:26 AM |
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are we having moon in 3 days??
Whats up in 3 days any news or updates coming? yes, the next dev update. we are all expecting news of card program approval, as well as new app features, card issuance news etc wednesday 18th 🚀🚀🚀🚀🚀 I also wait a news about visa approval for long time, hope the miracle will happen on october 18th, so monaco coin price will increase back above $20 and we will cheers for that  |
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