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TheHas
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February 26, 2018, 11:36:14 PM |
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Just stop and think about the complexity of what MCO is trying to achieve. It is one thing to have a debit card in fiat, but quite another to have a card which can change crypto to fiat at the payment terminal. This single action will take considerable development to work smoothly. They may not be meeting their self-initiated schedule, but are probably close. The simple solution for the people waiting for the card is that if the interfacing of crypto is not important to you, go get a regular debit card from a bank. If the feature is very important to you, wait for a fully tested & functional system.
My understanding is that their first card will actually be more like a travel card, where you 'load' fiat currency onto it based the exchange rate at the time for the crypto you're swapping, and then whittle that away and 'reload' the card when you think exchange rates for crypto are favourable/you run out of money. Also a later product alluded to by Monaco is a more traditional credit card, where you get a credit line based on the value of crypto you hold, and you can pay that back as you would a normal credit card. It is also possible this credit card could instead reduce your crypto value by the equivalent of your purchase on your account/app - I recall they mentioned (I think in a Q and A) that under this system it won't actually convert crypto to fiat at the payment terminal every time you swipe your card. Instead, it will be 'off chain' and only be recorded on Monaco systems, and only be put 'on-chain' when you want to withdraw your money from your Monaco account/app. Part of the reason for this is converting crypto to fiat everytime you want to buy a coffee would lead to substantial fees (think of the bitcoin fees for example). I'm pretty sure large exchanges do something similar, so you don't get charged huge fees every time you trade some random altcoin for bitcoin as long as the coins stay on the exchange. You only get slugged the large fees when you withdraw your crypto to your personal wallet as this is where the crypto definitely has to be put back 'on-chain' to your personal address. |
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BTCMILLIONAIRE
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February 26, 2018, 11:53:39 PM |
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Where can I see in which countries can I use the card and the citizens of which countries it is issued for use?
I don't remember seeing a specific list, but a "global" rollout has been mentioned numerous times. So I'd assume that you can use it anywhere that Visa exists. in other words, it is a visa card, but I have no information that the visa somewhere allowed a direct exchange on their cards. who imitent this card and which Bank will serve this map to the re-issue and replacement? MCO is a Visa partner and has its own BIN, which means that they "are the bank" that issues MCO cards. I don't see why re-issuance would be a concern of you though, and not issuance itself? If they can issue their own cards they can obviously reissue them as well. |
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alexvilis
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February 27, 2018, 07:53:41 AM |
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Monaco MCO Token to List on DDEX on February 28Further global exchange expansion to enable higher liquidity for MCO token  <HONG KONG, February 27, 2018> — Monaco, the pioneering payments and cryptocurrency platform, today announces that its MCO token will start trading as an ETH pair on DDEX, a global exchange for ethereum-based tokens, on Wednesday, February 28, 2018. The listing on DDEX will further enable higher liquidity and accessibility of the MCO token. Kris Marszalek, Co-Founder and CEO of Monaco said, “DDEX shares our vision of making the exchange of cryptocurrency accessible to everyone. Its user-friendly platform, strong security features, and fast transaction time will help make the MCO token even more broadly available to consumers and help put cryptocurrency in every wallet.” Bowen Wang, Co-Founder of DDEX said, “DDEX is excited by Monaco’s pioneering payments and cryptocurrency platform and its status as an approved VISA Program Manager. We look forward to begin our partnership with Monaco to bolster the cryptocurrency ecosystem and drive adoption globally.” The listing on DDEX brings the number of exchanges the MCO token is traded on to a total of 18. MCO token will begin trading on DDEX on Wednesday, February 28, 2018. https://medium.com/@monaco_card/monaco-mco-token-to-list-on-ddex-on-february-28-b943ab9b5d84
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denetci
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February 27, 2018, 08:04:12 AM |
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Via either Binance or MCO's direct algorithms, will there be any usage of
Tether within the Monaco app (ecosystem) for the conversion of crypto's in/out of
USD at any time ?
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Ally@monaco
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Activity: 110
Merit: 10
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February 27, 2018, 11:14:57 AM |
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Thank you for your support! Join our Discord if you don't want to miss any update: https://discord.gg/tfC4vFf |
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denetci
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February 28, 2018, 11:09:34 AM |
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I've been quite negative in terms of Monaco outlook this recent time. Although my doubts got kinda shredded after reading their latest Q&A and I actually regained my confidence in Monaco as a team once again. Now it's all about waiting out till they release their aces to the public. Let's wait and see for now.
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onecall123
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February 28, 2018, 05:36:12 PM |
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You guys really awesome, it's always great to experience that MCO is being listed on the new trading platform. It's looking really good, still think it'd gonna break out. |
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Deltadollar
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Merit: 10
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February 28, 2018, 07:36:16 PM |
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7 working days until money 20/20. Like I said 100% no cards it’s impossible, but who’s not excited!
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HarryAnsour
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Merit: 11
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March 01, 2018, 12:12:19 AM |
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TheHas
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March 01, 2018, 02:01:22 AM |
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I've been quite negative in terms of Monaco outlook this recent time. Although my doubts got kinda shredded after reading their latest Q&A and I actually regained my confidence in Monaco as a team once again. Now it's all about waiting out till they release their aces to the public. Let's wait and see for now.
I think when Monaco release their first working product, whatever that is, it will restore a lot of confidence and interest in the company. They have a few things planned (like a credit line based on your crypto assets) but until there is something to point to and say 'this is something you can get with MCO tokens' people will not necessarily believe the company can deliver. |
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denetci
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March 01, 2018, 10:43:41 AM |
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does anyone have any information (or speculations) about how many people have reserved the Obsidian Black card, or how many wallets are found with over 50.000 MCO.?
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TheHas
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March 01, 2018, 12:06:03 PM |
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Via either Binance or MCO's direct algorithms, will there be any usage of
Tether within the Monaco app (ecosystem) for the conversion of crypto's in/out of
USD at any time ?
There isn't any detail on this yet, but I'd find it unlikely. Their first card will likely involve 'loading' money onto it, kind of like a travel money card, and you'd be able to do this by converting some of your crypto to regular cash on the app/card, then spending this money and get some cashback of 1 to 2% in mco tokens (if you have a premium level card). So based on that, I wouldn't see any need to use Tether, since you'll be able to covert from cash to crypto through the app/card pretty easily, and you would actually prefer cash to Tether since that would be more 'ready to spend' through the card. |
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Kenway
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March 02, 2018, 10:29:39 AM |
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glad to see this campaign ,i will take part in ,MONACO is my first invest project ,still hold them . see you soon! |
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iwosh
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March 02, 2018, 12:21:20 PM |
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7 working days until money 20/20. Like I said 100% no cards it’s impossible, but who’s not excited!
I am not... I will be excited when I have a card in my hand. Until than, I am not. |
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rajravind
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March 02, 2018, 12:33:55 PM |
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Just release the app at least, for god sake.
Hw long do u wana us to wait?
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Deltadollar
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Activity: 120
Merit: 10
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March 02, 2018, 12:45:08 PM |
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Based on the fact that pretty much everything monaco does is underwhelming. I am pridicting the app beta will not be functional. No ability to buy any type of crypto, not able to load a credit card, not able to transfer money from your bank etc. Just a program to scroll through and look at demo pages, as functional as the current app. Could it be? We shall see!
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