Today MCO price in US dollars is currently
USD, and if converted to Bitcoin is
BTC. A total of 15,793,831 MCO are currently circulating in the Market. MCO price is currently experiencing a change of -23.49 %, and check here all cryptocurrency. Over the past 24 hours 0.028 M US dollarsMCO have been traded on Crypto Exchanges. Get MCO's progress by adding it to your favourites and creating a free portfolio.
The functionality of Monaco VISA® Card makes it a must-have item not only for every Ether or Bitcoin holder, but also for everyone who spends money in foreign currency.
- Spend your Ether or Bitcoin with a physical Monaco VISA® Card, wherever VISA® cards are accepted, both online & offline
- Only the exact amount that you spend with your Monaco VISA® Card will be incrementally exchanged from ETH/BTC in real-time when you swipe your card, with rest being securely stored in your wallet to which only you have access
- Exchange money at perfect interbank exchange rates using Monaco App
- Enjoy the same perfect interbank rates whenever you spend on Monaco VISA® Card
- Sending money between Monaco App users is free & real-time, with the money being instantly available for the recipient on their Monaco VISA® Card - Customer onboarding can be done entirely via the mobile App – a process taking less than 3 minutes
MCO Crypto Technology
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MCO Crypto Features
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Use of Funds
35% - R&D and Product Development Includes opening of an R&D centre in Shenzhen with approximately 20-30 engineers.
20% - Marketing and Customer Acquisition The marketing budget is not significant compared to the target number of customers we intend to acquire. The key source of new customers is going to be word-of-mouth, as the product gives users a very strong commercial incentive to download the App and get the Monaco Card. There are natural network effects built into the product around the P2P money sending function, which will lower the average customer acquisition cost (CAC) substantially.
15% - Initial Capex, including costs of e-Money licenses, compliance and architecture setup Some of our key partners are listed in section 4 of the document. There is a substantial cost associated with integrating all those partners, acquiring all the necessary licenses across multiple jurisdictions, building out compliance teams, legal fees and general technical architecture setup.
30% - Working Capital Our product – the first and only Universal Money App - is bridging the gap between the worlds of crypto and fiat currencies. In order to offer our users real-time access to funds and perfect exchange rates without mark-up, we will have to bridge funding gaps between multiple parties using our own balance sheet.
Kris Marszalek – Founder @ Foris
Mikko Ohtamaa – CTO @ TokenMarket
Timothy Hitchens – Head of Solution Architects, Worldwide Public Sector - APJ at Amazon Web Service
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