Token Card vs Monaco CardsteemCreated with Sketch.

in #ethereum7 years ago (edited)

So, I just looked through crypto news and saw the monaco card and watching the video, it seems almost exactly the same as the token card (Feels like an almost exact Copy). Every single functionality, from 1% tokens with held, premium cards at ICO, and specifically for ERC-20 (Ethereum Tokens) is all the same from what I can see. Can someone explain this please?

Via Token Card
"They were working on a foreign exchange app, and then pivoted after our token sale." - On Twitter
*****So they may have been working on something before token card, but potentially copied parts of what Token Card did. This makes sense as if you compare white papers they are very similar.

Token Card

Monaco Card

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Besides the exclusive design, Monaco VISA BLACK Card holders will enjoy lifetime unlimited perfect interbank exchange rates and triple free monthly ATM withdrawal limits. More benefits will be rolled out over time.

So the difference is they basically work a little better with banks? And if banks fail then that wouldn't really matter then, correct?

Monaco doesn't have an actual agreement with Visa yet, its conceptual from my understanding.

Interesting concept. Will wait until it's in full release on either of these cards to see how they fare.

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