Monaco has included support for Binance’s BNB token to its platform which includes the Monaco Visa Card and mobile app. The pioneering payments and cryptocurrency platform, today announced an expansion of its strategic cooperation with Binance Exchange, where Monaco’s MCO token was listed on August 23 this year.
Monaco and BNB coin
So, under this partnership expansion, Monaco will include support for Binance’s BNB token to its platform which includes the Monaco Visa Card and Monaco mobile app. In addition, to celebrate the expansion of this partnership, Binance will host an MCO trading promotion that also begins on December 26.
The functionality of Monaco VISA Card makes it a must-have item not only for every Ether or Bitcoin holder, but also for everyone who spends money in foreign currency. Also Visa Inc. has approved a prepaid card backed by the cryptocurrency Monaco as the world’s largest payments network continues its foray into digital currencies.
As we can read, Monaco cards, including Platinum cards will be free, meaning no monthly fees, annual fees, nor shipping fees, and all Platinum cards come with industry leading 0.75% cryptocurrency cashback on all purchases and US$500,000 travel insurance. Also
“We believe that the Monaco card program lays solid foundation for Monaco’s growth, and we’re grateful to all partners for their support,” (Monaco team).
Binance (NBB) tokens were issued to project supporters
The token has 3 major features:
- Exchange Fees: Binance tokens can be used to reduce fees for trade costs and commissions. Currently, Binance has a 0.1% trade fee and 50% of the fee can be paid in terms of Binance tokens.
- Staking: Binance eventual want to develop a decentralized exchanged. The BNB tokens will eventually be used on this exchange to stake transactions.
- GAS: Binance will eventually feature advanced features that require GAS. BNB tokens can be used as GAS to power these advanced features.
Once you open a Monaco account, you can perform transactions just like you would with any other card or bank. Hold, spend, or exchange a long list of currencies in a single account, including the most popular cryptocurrencies, such as Bitcoin and Ether. Monaco can also be incredibly useful for sending and receiving money at interbank rates without any fees.