Question 1

What is the current price of MCO?

Accepted Answer

The current price of MCO is XRP 1.95. In the last 24 hours, it has increased by +0.00%.

Question 2

What is MCO?

Accepted Answer

MCO is a cryptocurrency provided by the Crypto.com platform, which was founded in Switzerland in June 2016. The platform's mission is to accelerate the world's transition to cryptocurrency. The MCO Token Sale took place in May-June 2017 and successfully raised US$26.7 million.

Question 3

Who are the creators of MCO?

Accepted Answer

The Crypto.com team, which created MCO, comprises seasoned veterans in the fin-tech space, most of whom have experience in Asia, where MCO Visa Cards were initially made available. The company was previously known as Monaco before undergoing a rebranding process on July 6th, 2018.

Question 4

How does MCO work?

Accepted Answer

MCO works as a funding source for the MCO Visa Card, a debit card that utilizes a cryptocurrency-funded bank account. App users sign up, verify their identity, and transfer acceptable cryptocurrencies to their account. They can then use the MCO Visa Card just like any other card, without worries about border issues like with traditional fiat currencies. An advantage of this card is its ability to convert transactions to the local fiat currency when making a purchase, with low fees and exchange rates. The card is presently available to customers in Asia, though the company has plans to expand availability.

Question 5

How is MCO unique?

Accepted Answer

MCO is unique in its integration with the MCO Visa Card, creating a bridge between cryptocurrency and conventional payment methods. The cryptocurrency-backed debit card aims to solve the problem of everyday payments, a potentially crucial breakthrough for cryptocurrency. MCO Visa Card holders can use their cards anywhere and enjoy a low-fee experience irrespective of borders while benefiting from exact exchange rates.

Question 6

How is the MCO network secured?

Accepted Answer

The security of the MCO network is backed by the robust and secure cryptography models inherent to blockchain technology that the Crypto.com platform utilizes. Additionally, Crypto.com ensures account security by implementing ID verification for all users.

Question 7

How much MCO is in circulation?

Accepted Answer

Currently,  MCO tokens are in circulation out of a total supply of 31.6M.

Question 8

How does MCO handle cross-border transactions?

Accepted Answer

MCO tackles cross-border transactions impressively. The MCO Visa Card, being backed by cryptocurrency, doesn't have border issues like fiat currencies. When a holder makes a purchase with the card outside their home country, the card defaults to the local currency, applying low fees and exchange rates. This approach is a stark contrast to most traditional banks, which add an extra percentage to the exchange rate or include transaction fees when their cards are used across borders.

Question 9

Where can you buy MCO?

Accepted Answer

MCO can be purchased on several exchanges, including YoBit, OKEx. Remember to conduct thorough research and verify the credibility of the exchange before initiating any transactions.

Question 10

How can you keep your MCO safe?

Accepted Answer

Keeping your MCO safe involves standard yet vital steps for ensuring cryptocurrency security. This includes storing your tokens in a reputable hardware wallet for offline storage, and using two-factor authentication (2FA) wherever possible. Also, ensure to verify the identity of recipients before sending any transactions.

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