Monaco, a payments and cryptocurrency platform, have announced that they are rebranding to CRYPTO.com
In a blog post, Monaco reveled their immediate intentions to rebrand themselves. This rebrand is to server as a better reflection of their mission to assist with the worlds transition into cryptocurrency.
CRYPTO.com gives us a powerful new identity in line with our original vision to put cryptocurrency in every wallet. As the name we’re taking on is also representative of the entire space, it comes with a huge responsibility to carry the torch. We will strive to deliver impact worthy of the name and build infrastructure that enables growth of the entire ecosystem, delivering on the promise of decentralized future.
With this rebrand, CRYPTO.com have also release a version 2.0 of their white paper.
which unveils a comprehensive and integrated suite of consumer financial services that will change how customers spend and move money. We’re very fortunate to have built a world-class team over the last year and couldn’t be more proud of what the team has delivered.
They have also made it clear that the rebrand will not impact the rolling out of the MCO visa cards. With the rebrand, the previously named Monaco mobile app has been renamed to MCO “to align with the name of our token.”
A few days prior to this news, CRYPTO.com announced that the first batch of MCO Visa cards had arrived. The cards are being testing globally by the MCO team. Video’s of the team members purchasing goods have been uploaded. One of the video’s include a team member buying some dumplings for lunch. This fresh wave of news from the MCO project has pushed the prices up over 100% in the past week, but still well under the ATH this coin hit late last year of $20USD. Currently the price of MCO sits at $8 USD (0.0012923646 BTC)