Monaco News: Wallet App Beta, Credit Lines, and Investment Portfolio Features

Fintechist Monaco Cryptocurrency

Cryptocurrency tools are of great interest to a lot of people, This revolutionary form of money opens up a lot of exciting opportunities. Monaco is one of the companies focusing on pioneering payments and cryptocurrency as a whole. With their crypto wallet app now entering the beta testing phase, things will undoubtedly get pretty interesting.

Monaco has quickly made a name for itself in the cryptocurrency space. Ever since their successful ICO, the company has been working hard behind the scenes. Bringing a convenient crypto wallet app to the masses is not all that easy. Additionally, the company will offer crypto-related debit cards to customers worldwide very soon. All of this is designed to improve overall adoption of cryptocurrencies.

Major Steps Forward for Monaco

With the Monaco wallet app entering closed beta, the next goal is to collect user feedback. In this wallet, users can access both fiat currency and cryptocurrency features alike. It is also possible to manage the upcoming Visa card, which will ship out to clients in the coming months. Additionally, the app features Monaco University, which serves as a cryptocurrency beginner’s guide.

Other new features to look forward to include Auto Invest and Credit. The first option is an automated cryptocurrency investment feature. It is designed for both novice and experienced traders alike. Monaco’s proprietary technology builds a personalized portfolio based on user preferences and investment goals. Cashing out at any time is a big selling point of Auto Invest.

Monaco Credit lets users deposit cryptocurrency and obtain credits to spend. Credit lines are based on deposited collateral of MCO tokens or Bitcoin. This is quite an intriguing option to explore for all users. There are no monthly payment statements and a 30-day grace period which can be unlocked with MCO. All of these new features are quite important to the company’s ecosystem as a whole. Offering all of these financial tools is a big development.

Header image courtesy of Shutterstock