One of the issues with cryptocurrencies is being able to spend all those alt coins and tokens that you may have accumulated over the time from trading, purchasing, earning or participating in ICOs. There are many websites and businesses that do accept cryptocurrencies but for the vast majority, it is still a difficult process to purchase, trade and use crypto in general.
Today, Monaco set out a press release stating that they are now one step close and now have started to release their crypto credit card for usage in Singapore.
In a previous post that I had written, I stated that Monaco didn't have and indication that their new cryptocard was going to be a VISA or Mastercard, which meant that deal possibly had not been confirmed yet. The artwork and documentation regarding the cards mentioned they could be used anywhere but not specifically how. That now has been revealed.
There are many other cryptocard providers in the space all racing to be first to market around the world with Wirex and TenX just to name a couple more.
Congrats to the Monaco team and we hope to see the roll out of the cards to the rest of the world as soon as possible.