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A win-win recipe for the growth. The founders of Monaco enlisted the support of Visa

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October 04
09:00 2017

Bloomberg Agency, a professional financial information provider, has given interesting information on the cryptocurrency Monaco.

The essence of this almost detective story is that the owners of the little-known cryptocurrency have promised investors to tie the cryptocurrency to the Visa system. It happened through the press release, which describes all the advantages of the Visa card, tied to a wallet with the cryptocurrency.

Thanks to this step of the creators of the cryptocurrency, the Monaco exchange rate has grown seven times compared to the rate at the time of ICO.

The fact that representatives of Visa know nothing about the alleged reached agreements adds a certain spice.

The Monaco cryptocurrency has been registered to a Swiss company. This company works with the issuer Visa – Wirecard AG. At the moment, the cryptocurrency is being checked by representatives of the issuing company. It is possible that false statements of Monaco will affect the results of the verification.

If the representatives of any cryptocurrency were able to negotiate with Visa, then it would mean the possibility of paying with the cryptocurrency almost at any outlet in the world. Experts are sceptical about the possibility of such an agreement. The reason for this is the fact that for the sake of cooperation with the cryptocurrency, global payment systems are unlikely to change their privacy policy.

The authoritative portal reports that at the moment the aggregate capitalization of cyptocurrencies is estimated at $ 148 billion.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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