I send a message to Visa and they told me that they dont have idea what is monaco card 
Let the FUDsters start spreading their FUD, I think you can do better than this, to join Visa network is easy, it is a win-win situation for both parties, it is not like there are doing something big, most of the small banks in Asia do this and they don't even need to be connected to Visa direct but their agents can get the job done for them In fact, they dont have Visa acreditation really. They only wirking with middleman (such as TenX also)