Cryptocurrency Monaco rose by 700% on a non-existent partnership with Visa

Криптовалюта Monaco подорожала на 700% на несуществующем партнерстве с Visa

Rate Monaco remains high

Now Monaco is working with a licensed Issuer of Visa cards – Wirecard AG.

The creators of the cryptocurrency Monaco promised the investors to tie it to the payment system Visa, causing the rate of bitcoin has grown 695% since the ICO. The authors of the project described in detail the advantages of crypto-currency Visa cards issued in a press release, reports Interfax-Ukraine, referring to Bloomberg.

“Meanwhile, neither at that time nor now any agreement between Monaco and Visa does not exist”, – said the Agency.

The agreement with Visa would allow acceptance of cryptocurrency Monaco 44 million outlets worldwide. But, according to experts, at the moment it is almost impossible. Cryptocurrency give users the possibility of concluding an anonymous transaction, whereas the payment system and financial institutions adhere to the rules of customer identification to prevent money laundering and the financing of crime.

Monaco, registered as a Swiss company, working with a licensed Issuer of Visa cards – Wirecard AG, which is examining the reliability of Monaco, said the representative of the company Lea Kademenos.

Now the creators of the cryptocurrency are already not report any partnerships with system Visa and the exchange rate of Monaco fell slightly, but he is currently three times higher than at the time of the ICO, held on may 17.

Recall that in China companies banned ICO. The people’s Bank of China has recognized the location of token as illegal and has demanded to stop all the operations of the ICO.