MCO is an innovative debit card that allows users to buy, exchange and spend Bitcoin and Ether on perfect interbank exchange rates in real-time. The company is headquartered in Switzerland and operating in Hong Kong and Singapore. MCO token was issued by Crypto.com in 2016.
Crypto.com (ex-Monaco) seeks to popularize the use of cryptocurrencies and make it as convenient as possible at the household level. The company is developing a plastic card, which allows users to pay for purchases and services with both fiat and cryptocurrency.
Monaco cards are currently available for customers from Asia. There is also a waiting list for European customers. Customers from the United States are currently unable to use the Monaco Card. However, the team is planning to cover every region worldwide. Let’s explore MCO coin and project with Changelly!
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Crypto.com (MCO) Value
The cooperation of the developers of this platform with the Visa payment system caused a lot of controversy around the project. As a rumor about partnership appeared, the cryptocurrency exchange value has grown by almost 700%. For a long time, however, such information did not have official confirmation, which caused a significant correction of the price.
Later the cooperation with Visa was officially confirmed. The information caused widespread excitement on Monaco debit plastic cards. People started to invest in MCO coin to get the card. Analysts predict further cryptocurrency growth and the success of the platform. Shortly after launch, the MCO price peaked at over $20. Since then, its price has declined. The highest coin price was tested on 29 August 2017, and the price was $27.10.
MCO coins are used in several ways in its ecosystem:
- You can get cards with better conditions;
- Clients who want to use a credit service receive a 50% better rate if they use MCO as collateral;
- MCO holders will be able to vote for cryptocurrencies that will be added to the wallet;
- In the future, airdrops for MCO holders can be organized;
- Cashback paid in MCO coins.
Since the volume of MCO emission is limited to 31.6 million coins, the growing popularity of payment crypto cards should lead to a situation in which more and more MCOs will be recorded by their owners to receive high-level cards. If the product gains popularity, customers will be motivated to sell their bitcoins for MCO in order to have access to more favorable credit conditions.
Now the coin is trading for $4.05. The price is gradually falling. However, the coin is not as cheap as on the 16th of July, 2017. Then the lowest price of MCO token was tested, and it worth $0.641730.
🗒️ You can check out the price-list formation and more details about the coin on BitcoinWiki.org.
MCO Card and Cryptocurrency
MCO card and bank account are free for cryptocurrency holders. To open an account, you just need to register, confirm your identity and transfer any of the supported cryptocurrencies to it.
MCO card account does not have a minimum balance and monthly commissions. However, there is a limit of $200 for free cash withdrawals at ATMs and a limit of $2,000 for interbank transfers.
If you decide to invest in an MCO token, then you will have the opportunity to receive a special card with a limited edition. Such cards have higher withdrawal limits at ATMs and interbank transfers and look cooler than free cards.
There are several types of MCO card. Your opportunities depend on the money you invest in MCO tokens. The card can be used in exactly the same way as a standard bank plastic card.
The Monaco project began to develop the card in 2016. The implementation of such an idea for the blockchain platform is a rather complicated task, since linking to bank debit cards does not combine with the anonymity of cryptocurrency usage.
Crypto.com developers have proposed a combined system that allows the simultaneous use of digital and national money. The user gets the opportunity to store their assets in several currencies at once and freely convert them among themselves at the rate provided in real-time.
The following advantages of MCO plastic cards are distinguished:
- the system supports the most famous and popular cryptocurrencies, as well as fiat money;
- conversion is carried out automatically. It is enough to indicate the required amount and currency for calculation;
- You can use this plastic card to pay with cryptocurrency worldwide.
In addition, developers have released the easy-to-use Crypto.com application, which is available for iOS and Android. Users can manage their assets, replenish their fiat money, monitor the balance and receive notifications of expenses.
MCO platform offers a multi-currency platform for storing funds with the ability to convert and use plastic cards. The advantages of such functionality also include a low level of fees. All evxchange operations between cryptocurrencies are not subject to fees, 1% is charged for converting digital money to fiat.
Visa cryptocurrency card will allow users to spend their cryptocurrency savings in the real world. In other words, if the store accepts Visa cards, you can pay with cryptocurrency. The MCO wallet will allow you to exchange, buy, store, send and monitor various cryptocurrencies, all in one convenient application.
Learn more about MCO cryptocurrency in Whitepaper.
MCO Latest News
Hardware wallet maker Ledger has signed a collaboration agreement with Crypto.com, a Hong Kong-based payment service.
Crypto.com intends to reward customers for buying cryptocurrency wallets. The service team has not yet announced the details of the campaign. In which cryptocurrency payments will be accepted is also unknown. Crypto.com currently supports Bitcoin, Ether, Litecoin, Monaco and Binance Coin.
Crypto.com (MCO) Wallets
Since MCO coin is an ERC-20 token based on the Ethereum blockchain, you can store it in any Ethereum wallet. Let’s refresh the safest Ethereum wallets.
- Trezor Wallet is one more option to store your cryptocurrency offline. It allows you to store Ethereum and ERC20 tokens.
- Atomic Wallet is one more option to store Ethereum coins. This wallet is available for desktop and mobile (iOS, Android) for free.
- Metamask is a desktop wallet funded by Ethereum Foundation and Consensys.
- Mist Wallet is a desktop wallet created by Ethereum Foundation. This is a basic wallet for Ethereum users.
- Exodus. This wallet is not open source so the devs can’t check this wallet properly. But still, it’s a functional wallet for Ethereum storage.
- MyEtherWallet is the most popular Ethereum web-wallet. This wallet was hacked once so be very fussy in choosing it.
- TrustWallet is a good Ethereum and ERC20 mobile wallet acquired by Binance exchange.
Where to trade Crypto.com (MCO) coin?
You can trade MCO token on several cryptocurrency exchanges. Due to the low usability, there is not a significant amount of trade pairs.
Buy Crypto.com (MCO) at Changelly
Changelly platform offers you a way to buy MCO with your banking card swiftly, safely, and with minimal authentication procedure. The fiat payment process is powered by our partner Indacoin and takes just a few simple steps to take.
The purchase option is open both via our website and the Exchange Widget that can be found at our partners’ resources.
The idea of the Crypto.com project is great. They just embed cryptocurrencies in everyday life mixing it with fiat currencies. But is the performance as great as an idea? One can barely say. However, delighted customers have already received some of the treasured envelopes with a card and started to use it.
On the other hand, the project is very difficult to implement everywhere due to different laws and the unapproved legal status of cryptocurrencies. People around the world are investing in this cryptocurrency in order to get the treasured card that will simplify the use of cryptocurrencies in the usual life. But will they wait for this card? Who knows. We believe in this project and that someday legislation will accept cryptocurrencies around the world.
Disclaimer: This article about Crypto.com (MCO) should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements.
Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.