Litecoin, the seventh largest cryptocurrency by market capitalization at greater than US$4.three billion, has been added into the MCO cryptocurrency platform and mobile wallet, becoming a member of the 4 different cryptocurrencies obtainable on the platform, bitcoin (BTC), ether (ETH), Binance Coin (BNB), and the corporate’s personal MCO token.
MCO, previously Monaco, is a cryptocurrency platform that permits customers to buy, change, switch and spend cryptocurrencies from their smartphone. MCO Technology, the corporate behind MCO, claims greater than 180,000 cellular app downloads and over 88,000 MCO Visa card reservations.
“By listing Litecoin on the MCO Wallet app, we are deepening both the functionality of the app for users and transforming into a go-to, intuitive cryptocurrency exchange platform,” stated Kris Marszalek, co-founder and CEO of MCO Technology.
“Our support of Litecoin marks an essential step in [expanding the variety of cryptocurrencies available to our platform users] as we strive to broaden the audience of cryptocurrency spenders and investors.”
MCO Technology, an organization based in 2016 and headquartered in Switzerland, launched its cellular app in open beta in May 2018 after elevating a whopping US$26.7 million in its preliminary coin providing (ICO) in mid-2017 – probably the most profitable ICOs at the moment. The firm claims the platform is designed “for consumers seeking a streamlined, secure approach to buying, exchanging, and sending cryptocurrency.”
The digital pockets is to work with a Visa card that after obtainable will permit customers to handle their spending in seven sovereign currencies and make purchases abroad. Through the web platform, customers will have the ability to monitor their change and ATM usages, obtain real-time transaction info, and freeze the cardboard with a single faucet.
Besides the Visa card, other upcoming products MCO Technology’s roadmap that will likely be built-in instantly into the MCO Wallet app embody MCO Automated Crypto Investing, a cryptocurrency funding robo-advisory service, and MCO Crypto Credit, a credit score providing.
MCO Automated Crypto Investing will permit customers to put money into cryptocurrencies, and simply construct a portfolio. The providing will include a number of options together with automated shopping for and promoting, and customers will likely be allowed to withdraw their funds always with none transaction charge. MCO plans to cost a charge solely when customers make a revenue.
Meanwhile, MCO Crypto Credit will provide a credit score of 60% and 40% price of the worth of a person’s holdings in MCO tokens and bitcoins, respectively. Holdings in MCO and bitcoins will act as collateral.