Monaco - A Hopeful Crypto -> Fiat Credit Card Payment Operator (Als...

If you've ever tried to cash out to your "favorite" national currency from cryptocurrency, you know this is an area that the cryptocurrency industry needs to work on - badly.

Much like a casino, it's far easier to get one's money into cryptocurrency than it is to get one's money back out. There are transactions fees, exchange fees, wire fees, transfers delays, verification, verification delays, enhanced verification, enhanced verification delays, regular delays, network congestion delays...

If you're in the US, even if you do manage to get this money into a bank account legally, there's a fairly good chance your bank will simply shut down your account for no reason other than that they don't like cryptocurrency.

Enter, hopefully, Monaco. And no, I don't mean the ""...sovereign city-state, country and microstate on the French Riviera in Western Europe."

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It looks nice, though.

Monaco is an ERC20 token that is trying to solve a simple, but serious issue - getting your money out of cryptocurrency easily. Or, perhaps more specifically, Monaco is focused on allowing you to directly spend your cryptocurrency at the point of sale with a card swipe - without any unusual fees.

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Monaco fallen down near a long-term (relatively speaking, for the crypto market) low as priced in Bitcoin - highlighted in red below. This, combined with the recent announcement that the Monaco wallet app has just entered closed beta-testing, may make it an attractive risk/reward prospect, assuming the project comes to fruition.

Remember, this is still an ERC20 token and not a project with a native blockchain yet operational. There is also a lot of potential regulatory risk to this project, but Monaco is closer to market than any potential competitors other than possibly TenX (PAY). That is another token worth looking at if Monaco interests you.

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