Quote from: TheHas on March 04, 2018, 11:12:58 PM

Quote from: denetci on March 04, 2018, 08:42:30 AM

When you are buying stuff with your Monaco card do you need to sell coins in app manually to fiat before purchase, then top up your monaco card with fiat to spend your money, or is monaco app doing it automatically so you dont need to sell your coins or calculate how much you need to sell etc. ??

I've seen on reddit a very similar question, and I believe the answer (from a Monaco rep) is that you can top up manually by selling coins, however, the app should have a function that says 'top up to X amount if you fall below Y amount' or something similar. From memory, the reason provided was that visa currently doesn't allow the instant sale of crypto through their system - it needs to already be in fiat when you swipe your card.

If you can automatically top up, than that should make things a bit easier at least. Maybe in the future it will be possible, or instead they could open up a credit line based on crypto assets, that sort of thing.

Thank you for your sharing. Here is the update about auto-conversion.
As of March, Visa does not allow its program managers to perform automatic conversion from crypto to fiat at point of sale. We will activate the automatic conversion as an option for Monaco customers the moment Visa rules allow it. In the meantime, we have addressed this user experience issue in two ways: 1) the conversion UI within our app is sleekly designed, it super easy to use and takes seconds to complete a conversion 2) users who do not want to perform manual conversions, can set automatic top-up within the app: If my fiat account balance drops below X, automatically topup Y amount. The source of auto top-up can be your credit card, debit card or one of your cryptocurrency wallets.