A cryptocurrency Visa card company intend to promote the adoption of the “crypto” notion. Such projects have an important role in the daily ecosystem. Bearing in mind that operations are already unconsciously found in our lives, the company believes that a crypto-based version of the service would be beneficial to citizens.
Monaco bought crypto.com
We are talking about Monaco (MCO) and its latest acquisition. As reported by Tech Crunch, the project will soon start to operate under a different brand name after purchasing the famous domain crypto.com. The domain was first registered in 1993 by Matt Blaze, a professor of computer and information science at the University of Pennsylvania. The acquisition cost Monaco about $ 10 Million. crypto.com has been chosen in consideration of the high number of visitors the website recorded during the time.
Kris Marszalek, the CEO of Monaco (now Crypto.com) stated:
“This is a very powerful identity that we are taking on. It’s representative of the entire category so it comes with a huge responsibility on us to carry the torch. We don’t take it lightly and this is one of the things that I think we conveyed successfully, that, as a company, we do have a higher purpose.”
“Fundamentally, blockchain and crypto will enable [the next generation] to control their money, to control their data and to control their identity, these are the three fundamental things that weave the fabric of society. For us this is the purpose, we want to acceleration the world’s adoption of cryptocurrency.”
This acquisition is a step forward for Monaco, but also a responsibility as it’s representing cryptocurrencies and blockchain through its new famous domain. Considering that crypto.com records an impressive number of visitors, we can say that the Monaco card could move to another level of adoption.
According to CoinMarketCap, Monaco (MCO) has a market capitalization of $134,765,444 and is traded at $8.53.