Visa Granted As Monaco Renames To Crypto.com
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Sept. 16, 2018
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The crypto payment system and developer of the same-name token (MCO), Tokyo-based Monaco announced the finalization of their rebranding and move to the new Crypto.com website.

According to unconfirmed information, the company spent several million dollars to buy a domain.

Before the rebranding, the company launched an absolutely new product on the market, Visa debit cards tied to the MCO token. Currently, the cards are available to residents of Singapore, later they will be available worldwide. The card is issued by the German Wirecard Bank.

The company decided to use the Ethereum blue and white lion together with its own symbol, to tie together the offered financial services of the future.

The Crypto.com CEO Chris Marzalek has been noted saying that such cards will become a popular tool in the cryptocurrency market, as they will provide crypto holders the opportunity to exchange seemingly effortlessly crypto for fiat. In addition, the company plans to obtain a license for lending services so that cardholders can take out loans secured by Crypto.com’s supported crypto assets, in addition to bitcoin and MCO tokens, they also include litecoin (LTC), ethereum (ETH) and binance coin (BNC).

At the moment of publication, the MCO token has a capitalization of $ 67.3 million and ranks 83rd on the top 100 crypto list as according to Coinmarketcap.

  1. For crypto holders, it is very important to easily convert fiat into digital currencies or withdraw them into cash. Not all exchanges support the conversion of fiat into crypto, and even if you store digital assets on stock exchanges, the process of withdrawing them may not be easy at all.
  2. This is a big step for the crypto industry providing a wider range of people access to crypto.
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