Seems like some pretty big news for Monaco ... I considered buying into this project back in July... I think I may have missed the boat.
I may buy into it shortly, although I am still a little apprehensive due to their miraculous pump and dump in August. I may wait a little longer to see if this coin is for real, or merely a volatile pump and dump coin of epic proportions.
Great Times ahead for MONACO (MONACO CARD) TOKEN - MCO
The Monaco Slack channel is one of the best sources of the latest information and there is a regular Question and Answer on it where the CEO participates, generally weekly. There are now also full time MCO staff employed to manage their public channels to assist and answer questions.
You need to go to the main
https://mona.co webpage to check out the basic MONACO CARD product and what it offers (Even at face value the interbank exchange rates blows away the competition, this is a US $500 Billion market).
You can see "VISA" on the cards and even more than that they are a "VISA PROGAM MANAGER", this gives them more ability to work productively with their customers, manage their product with benefits. Due to this there is a big difference with other crypto cards that state that they too have Visa but are not project managers and as such do not have the same ability as Monaco to be responsive to their clients.
Currently they have their debit cards approved but next year they have stated they will be moving onto credit cards as well.
To join Slack you go to the contact section at the bottom and email
contact@mona.co if you want to join.
For other updates, aside from Telegram, Reddit you can also subscribe to Monaco Twitter or the twitter accounts of either Kris Marszalek or Bobby Bao.
There are some recent updates to video's on the Monaco card youtube channel -
https://www.youtube.com/channel/UCOMprzxakZOqmY23LYIawmg where you can see recent video's to the new card packaging that will be sent out with the cards.
Also there are historical video's that address a lot of the FUD and incorrect rumours that were being pushed out at ICO time and earlier on in the year.
Currently MONACO have BTC, ETH and MCO as supported coins but this will grow, they also have 7 fiat currencies for perfect interbank exchange rates but this should grow to about 23 and possibly more into the future.
There is no fee to get a basic blue card (FREE). If you want the greater benefits the platinum cards bring then you need to buy the required MCO tokens, allow them to be held for 6 months (sort of escrow) and then you own the card outright. At the end of the 6 month period you get your MCO back. You can sell the MCO after than for BTC or fiat if you want, no ongoing yearly fee's, no other commitments or costs for having the card !
At present they are in a very good place and still moving forward. First cards etc going out soon to Singapore, then Australia, other parts of Asia, then Europe, then USA next year.
A new video on the marking of the Monaco App will be coming out early December, more than 3 new exchanges listing Monaco in December, new product features, reviewed new iteration of the asset contract and lots more.
Unlike many competitors MONACO have taken their time to set in place the best foundations for success over the past year or so.
Aside from the Team having been business professionals prior as well as having ex Visa and ex MasterCard executives employed they have liaised with the top contenders in their respective fields to assist in preparing the groundwork for their exceptional product.
Some of their partners include;
GEMALTO - Great cards (Premium metallic design) -
https://www.gemalto.comWIRECARD - Payments processing -
https://www.wirecard.comMETALABS - App development -
http://metalab.coHOFFMAN AGENCY - Marketing (Proper) which will occur soon with a dedicated MCO team ready -
https://www.hoffman.comLike a coiled spring MONACO currently has 27,543 persons registered on their "onboarding app" from basically word of mouth alone, without real marketing having been commenced yet.
Monaco management have stated that they are not interested in short term token prices and are intent on building a long term sustainable business with massive growth potential. They have publicly stated that they view their competition as being banks like HSBC, JP Morgan, not crypto cards like TenX, Tokencard etc.
Why have they been able to place themselves in this position to succeed? A lot has to do with a very different approach they have token from the outset which was not to rush to market with products but to take their time with due consideration given to the current international responses we are seeing with ICO's, regulation and classing of various tokens as securities. From their mantra of "Compliance, Compliance, Compliance" MONACO'S prudent approach is set to pay dividends with no impediments in any of the impending regions they intend to market to.
Stay tuned.
