Monaco is now known as crypto.com, and is a blockchain company that offers a mobile wallet and prepaid Visa cards that let users buy, sell, and spend cryptocurrencies and fiat currencies. The actual MCO token is an ERC-20 cryptocurrency that is native to their payment platform. The prepaid cards work as a user has cryptocurrency in their wallet, and every time the card is used, it instantly transfers into fiat currency (for a small fee) and pays for the transaction. There are similar benefits to using a credit card such as cash back rebates, airport lounge access, and more.
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