Payments and cryptocurrency platform Monaco today has launched closed Beta testing of its wallet. Community members are free to check it out. The app is capable of operating with fiat and digital currency wallets, managing the anticipated Monaco Visa card; equipped with a panel for live coin tracking and sort of a "gateway" in cryptocurrencies for newbies - Monaco University.
A new automated cryptocurrency investment feature is revealed - Monaco Auto Invest. With little or no setup or withdrawal fees, anybody can start their cryptocurrency portfolio. Users are allowed to withdraw the funds at any moment, and for those who feel tedious about choosing out of numerous of digital assets Monaco's technology may create personalized portfolio based on user's preferences.
Monaco also revealed its Monaco Credit feature. Users are offered credit lines based upon the deposited collateral, be it in Monaco tokens (with indicative level of value set at 60%) or Bitcoin (with 40% of collateral value). Monaco Credit does not require monthly payment statement and, on top of that, boasts a 30-day grace period unlockable with tokens.
Finally, Monaco kicks off its sponsorship at Money 20/20 Asia venue and a new website launch.
Monaco is proud to anchor our presence at Money20/20 Asia, an important financial industry event, by beginning our closed Beta program and officially introducing two more products in our pipeline that will change the way everyday consumers view the future of money. Monaco Auto Invest and Monaco Credit are the perfect extension of the Monaco Card and Monaco Wallet app. Together, they form a complete suite of revolutionary financial products and position Monaco as the first global financial institution built on blockchain, as well as, a destination platform for anyone interested in cryptocurrency.
Co-Founder and CEO, Monaco