A huge leap forward for adoption of cryptocurrencies! Monaco, now the leading company for bringing cryptocurrency payments for day-to-day use has just gotten the green light from VISA.
Monaco, the pioneering payments and cryptocurrency platform, today announces that its prepaid card program has received the green light from the card issuer, a FinTech leader in payment processing and issuing products in Singapore.
This is the very first time that a cryptocurrency card has received approval from VISA directly! This is significant as it cuts out additional 3rd party fees from the process of transactions when paying with a Monaco Debit Card!
"The Monaco card operates on the worldwide Visa® network and can be used anywhere that Visa® is accepted"
This is massive for cryptocurrencies in general and a huge step forward to achieving further adoption!
"Our team has worked incredibly hard over the past year to achieve this milestone. This is an important step towards Monaco's vision to introduce cryptocurrency to the mass market," said Kris Marszalek, co-founder and CEO of Monaco. "We believe that the Monaco card program lays solid foundation for Monaco's growth, and we're grateful to all partners for their support. The demand for the Monaco Visa prepaid cards has exceeded our expectations with over 17,000 cards reserved, based on word of mouth alone. With perfect interbank exchange rates, and 0.75 percent cryptocurrency cashback on all transactions, the Monaco Visa prepaid card will become the card of choice for consumers. More perks will be added over time to turn the Monaco Visa prepaid card into a dominant force in payments."
In light of Bitcoin hitting a new all-time high of US$6.4k per Bitcoin on it's 9th birthday, Ethereum reaching reaching 10 million unique addresses and now Monaco getting a green light from VISA, today marks a wonderfully positive day for cryptocurrencies.
Hurrah!
God Speed Brethren
