Monaco, the global cryptocurrency card has recently announced the listing of its Monaco (MCO) tokens on one of the leading cryptocurrency exchange platform. The company, in its latest press release, stated that the MCO tokens are now available for trade on Bittrex Exchange platform, starting July 1, 2017.
The listing of MCO tokens on Bittrex and another exchange platform Liqui offers investors who took part in the recently concluded crowdsale an opportunity to make profits by trading it against other cryptocurrencies.
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The highly successful Monaco ICO saw people investing over $26.5 million to make it one of the Top 10 ICOs of 2017. Even though many platforms have ended up raising much more than what Monaco did, it was among the first few to set the trend of multimillion dollar crowdsales.
The press release quotes the founder of Monaco Technology saying,
“We’re excited to partner with Bittrex, a leading Digital Currency trading platform and one of the most trusted brands in the industry. It’s the perfect platform for millions of users to get access to MCO Token, especially those who missed out on our crowdsale.”
The company was founded in June 2016, and within a span of one year, it has established itself as the best cryptocurrency card provider in the industry. The platform allows users to spend their Bitcoin and Ether at any POS or online stores that accept VISA powered credit and debit cards. The platform claims to offer a perfect interbank exchange rate that allows users to save anywhere between $30-$40 on expenses worth $500.
The use of services like Monaco are bound to grow in the coming days as the rate of cryptocurrency adoption among merchants continues to be much slower than expected. With more people starting to use cryptocurrencies, the only way they can spend their digital currency for everyday expenses is by using services like Monaco. Otherwise, they will have to sell their cryptocurrency on exchange platforms for fiat, transfer it to their respective bank accounts and go about their everyday business, which is a hassle.
Ref: Monaco Media Release