MONACO, one of the most exciting new projects in cryptocurrency has announced a 2% cashback on each purchase.
The holders of all three platinum cards, Obsidian Black, Rose Gold/ Space Gray and Ruby Steel, are now eligible for instant cashback up to 2% of transaction cost.
The news comes after the massive selloff of its token MCO in August after the company announced the decision not to upgrade its token to support an asset contract.
The token value has declined from $10.50 to under $6 at the time of writing, with a previous peak in the price of $24 at late August.
The news of a raise from 0.75% previously to the new 2% cashback, have been received with great excitement from the community as expected and a representative from the Monaco team has said :
Thank you for your support. It‘s essential to making our products competitive against major credit cards; let’s not forget that the vision is “cryptocurrency in every wallet."