Monaco ico finished 18 June.

The functionality of Monaco VISA® Card will let you pay by BTC/ETH or any erc20 tokens anywhere where visa cards are accepted.

However couple days after ico finished they had to fix potential bugs.
what they did:

debugged & resolved the Smart Contract issue potentially causing MCO token multisig wallet incompatibility
downloaded all Monaco Token Sale transactions
tested the new token re-issue on Kovan testnet

and what remains to be done:

subject to successful Ethereum Mainnet test, re-running of all 12,000+ Monaco Token Sale transactions on Ethereum Main Net
issuing of additional MCO tokens as per white paper
unlocking of the MCO token

some of the delays were caused by ethereum mainnet congestion

today they finally starded re-issuance of the tokens.
Monaco official statement:

Important update (1/3): re-issuance of MCO token has begun, you can track the progress here: https://etherscan.io/address/0xa8c7f56c90b20afaae9f7a006ca2df1dfba56279
The speed depends on the congestion of Ethereum mainnet. It may stop & be resumed if trx pending for over 30min.
Please note that this is NOT the new token contract address, which we will provide after re-issue is completed.

source:
https://mona.co/

https://twitter.com/monaco_card/status/879448650677485568
- monaco_card

https://twitter.com/monaco_card/status/879448995092807680
- monaco_card

https://twitter.com/monaco_card/status/879449410781929473
- monaco_card

Monaco, the cryptocurrecy card finally started re-issuance of the tokens.

Monaco ico finished 18 June.