Topic: NULL - page 302. (Read 456106 times)

And what happens TODAY if you reserve for example "Red Card"? Can you change your mind? When is it expected the 'committment'?

Check out Centra guys. It will have a visa/debit card and it will have its own marketplace much like ebay.

It will be done with an Ethereum smart contract.  The Ethereum blockchain itself is acting as escrow.  Monaco is actually using one of the core capabilities of Ethereum to boost their own token price.  Brilliant.

I hope they get somebody besides TokenMarket to write the smart contract, though....

Look at the middle of the article.  "New Visa Rules; ID Verification Required".  

Xapo, China-based BTCC, German-based Bitwala and Canada-based Shakepay are all exiting the Bitcoin crypto debit VISA market because they are not doing 100% identity verification per the new VISA rules.

Monaco *** IS *** doing 100% identity verification with the Monaco app.

Looks like Monaco is following the new VISA rules and stands to pick up some market share abandoned by its competition.

HODL.

Is this a joke? lol tried the app and it forces me to send them goverment id..
They forgot it is crypto world? They didn't heard about KYC ?

Now I understand why every one saying TenX wll win, I just installed TenX and you only need to provide ID's on KYC lvl2.

Just sold $20k worth of MCO, best of luck guys.

You guys are not seeing or talking about the upcoming rocket ride that was announced yesterday.  Forget the Moon, MCO price is headed for the stars.    

Get the free blue plastic card, you're limited to $200 per month free ATM cash withdrawals from your crypto stash.

Get the red metal card, you're bumped up to $400 monthly free ATM cash withdrawals forever from your crypto stash - but you gotta freeze 50 MCO in a smart contract for a mere six months.  That's not a bad deal.  

Get the silver/gold metal card, you're bumped up to $800 monthly free ATM cash withdrawals forever from your crypto stash - but you gotta freeze 500 MCO in a smart contract for a mere six months.  That's not a bad deal, either.

Say 10,000 people get a red card.  They freeze 10K*50 = 0.5M MCO out of the market for six months.  That's over 5% of the total current circulating supply of MCO.

Say 1,000 people get a gold / silver card.  They freeze another 1K*500 = 0.5M MCO  or another 5% of total MCO supply out of the market for six months.

10% of total supply of MCO can very plausibly get locked up for six months by the first 11,000 Monaco metal card holders.  This could easily happen - there's already over 8500 people holding MCO.....

https://etherscan.io/token/Monaco#balances

There's no reason why you should stop a one metal card.  You need to withdraw $5000 per month for free?  Buy multiple metal cards with multiple freezes of MCO.

What if there are 20K metal card holders by the end of the year?  50K?  What if they sign up for multiple cards?

Do the math.  Think of the possibilities.  MCO currently has a very limited circulating supply of under 10M tokens.  People are gonna be buying those precious MCO tokens at Bittrex soon to get their precious metal cards.  The price of MCO is gonna skyrocket as more and more metal cards get purchased in the next few months and more and more MCO gets taken out of circulation.

Trolls don't listen. They troll.
Nevertheless... I am still glad someone bought my coins at 0.0053 :-)

I am wondering about rebuying more at 0.0015, i'd wait mid sept maybe. Playing a potential VISA hype.

Your advice mate? Too risky?

Thx

Guys, it seems interesting to me that mco token still hold its quite strong position on exchanges despite fresh news from visa. Even Monaco would add Visa support, it cannot be used outside the Euro zone. Or Monaco Visa debit card will be created on another principles and still will be available to other markets?

https://news.bitcoin.com/bitcoin-debit-cards-non-european-residents-visas-new-rules/

I am not able to focus with the camera on the identity card to verify the account.
I'm using android ... anyone with the same problem?

Is this a joke? lol tried the app and it forces me to send them goverment id..
They forgot it is crypto world? They didn't heard about KYC ?

Now I understand why every one saying TenX wll win, I just installed TenX and you only need to provide ID's on KYC lvl2.

I told you people while it was between 0.003-0.004 that it is going down to 0.002. Selling now and buying later at lower price is good idea. No reason to increase in price in few days. All these trolls who shouted moon moon quet now.