Monaco has rolled out its Monaco Wallet App to its cryptocurrency platform, the company said in an announcement. The app allows users to exchange digital currencies, such as bitcoin, Ether and Binance. In addition, users can purchase or deposit MCO tokens in order to start the six-month holding period required for the company’s Visa card.
“This app is just the beginning of Monaco’s vision to bring cryptocurrency to everyone by simplifying processes with a beautifully designed user interface and ultra-functional features missing from the current industry landscape,” Monaco co-founder and CEO Kris Marszalek said in the announcement. “Watch out for more products in the pipeline that will change and define the way we spend and invest.”
And to CEO Jack Dorsey, the decision to enable users to buy and sell crypto on Square was a “contentious move,” Reuters reported – and it still remains a source of tension within the company.
“We have a lot of healthy skepticism in the company and a lot of people were certainly skeptics of this technology,” Dorsey said at an event in New York City. “There is still a lot of skepticism, and still a lot of debate and disagreements and fights, but that is where the magic happens.”
In other news, a few celebrities unwittingly became a part of a crypto scam, CoinDesk reported. Wind Wide Coin allegedly created bogus client profiles using photos of celebrities, including Prince Charles and Jennifer Aniston. The site reportedly identified the celebrities by other names: Jennifer Aniston was captioned as “Kate Jennifer,” for example, and Prince Charles was called “Mark Robert.”
And Nokia is teaming up with Streamr and OSIsoft to let its customers sell their user data and buy streams from Internet of Things (IoT) devices, CoinDesk reported. Through the partnership, users will be able to buy and sell data streams by using Ethereum smart contracts.