Why I think Monaco is an important step to bringing cryptos to the masses.
I myself am a firm believer in blockchain technology as i'm sure you are.
one of the main hurdles that we have got to overcome is to make this "new era" of how we transact with each other every day mainstream which is where Monaco comes in, they aim to bridge the gap between crypto and fiat currency by making the process as easy as swiping your credit card or using such things as Apple / Android pay that are connected to your device.
You can find out all the proposed features and whitepaper on their website https://mona.co/
but in a nutshell this is a pre-paid credit card that you can load up with both fiat and cryptocurrency through their mobile app / bank transfer / debit or credit card / crypto wallet or exchange and then your good to go.
The real magic happens when you start to use the card though, which can be done anywhere where Visa is accepted (which is practically everywhere these days). Every time you spend with Monaco VISA® Card, you will be given perfect interbank exchange rates without markups or fees. You’ll never have to worry about exchange rates again, always getting the best deal physically possible! And not only that users can enjoy up to 10% INSTANT cash back on their purchases .
At the moment with all the excitement and media attention that is coming from cryptocurrencies and blockchain technology people are looking to get involved, but this can be somewhat tricky and scary for the less tech savvy among us but with products like this making the whole process simple and easy to understand but more importantly bringing people a way to seamlessly integrate all the benefits of blockchain into their everyday lives is priceless.
I am going to be keeping a close eye on Monaco over the next few years in the hopes that they achieve the goal that they have set themselves.
If your looking to get in on this early you should do it now because at the time of writing there is only 15hrs left before the ICO will close.
As always your comments and questions are welcome, i do need to stress i am no expert or financial guru but i will try to answer any questions the best i can.