Just because it's listed doesn't mean it can't be a scam.
Besides: No one needs Monaco (or Tokencard), because TenX already has a working card NOW with better fees for users and better rewards for token holders.
That is definitely not a valid reason,if you have more companies offering these cards then it is great,just think about having more options than to stick to one company and thereby having more competition ,you are talking as if visa card is providing a good service so it is a waste of time having master card,we need competition to have better products.
It doesnt really make sense for people to use Monaco Visa cards. How do people pay for things when they have Bitcoin? If they want to use Monaco to purchase things online or somewhere else then they would have to pay at least two transaction fees just so they can have money on their Monaco card right?
What makes them use that instead of a regular debit card or something else? The Monaco route sounds kind of expensive.
At face value it would appear so.
One of the main aims of Monaco is to offer benefit to the remittance market via competitive interbank exchange rates. Monaco / Tokencard / TenX all have their own value propositions, the white papers need to be read and re-read and then queries sent to the companies to clarify matters.
I like the fact they are all offering competition.
Granted there are other crypto-cards out there, but the new ones that have come out on ICO's this year have new/different models (Burn functions etc) and offer ownership to all investors via their coins/tokens for sale on markets, a lot of the older cards did not and precluded direct investment to those interested in crypto.
August the 31st is looking like a key date.