Review on Monaco Ruby Steel Card by Japheth Ayuba
The Monaco Card should be rated amongst the best cryptocurrencies card
The Monaco Ruby Steel card is one of the most appreciated Crypto card out there today. Initially created with the name Monaco but has been translated to the Crypto dot com homepage and bears a different name, it's great services do not seem to dwindle as it's being recognized and used in many places of the world today. Many reasons for using this card is not limited to it's number one appeal of a 2% cashback in it's native token CRO (formerly MCO) for every transaction made with this card. There is also a 100% rebate for Spotify subscription up to $9.95 and with all it's amazing cashbacks listed, there is no fee charged for making Withdrawals on the ATM as long as the monthly withdrawal amount doesn't exceed a set $400 of which it does; a fixed 2% is surcharged against the account. Even with the 2% charge, I still consider the card in high ways as compared to many other Crypto cards today that comes with high fees in different
To get hold of this card, users must stake at least 1000 CRO tokens for a minimum duration of 6 months and then request for the card to be shipped. That's to say, no issuance fees are charged and the users are sure to get their card in a stipulated time according to their location. The Monaco Card is a Ruby-coloured composite metal card and is operable through the Crypto dot com app. This app that hosts the card features high security and an inbuilt exchange. A step further in the right direction for this card was to allow Non-custodial wallets to connect to the prepaid card app from which the users can spend from
The length of time required for staking seems to be incondusive to me as market conditions might rise or fall against the user but at the same time, the perks it offers will sure cover those areas. I highly recommend this card to everyone
Pros
- The use of this card comes with a lot of perks especially in the area of their cashbacks
- There is no ATM withdrawal fees charged for the use of this card in an ATM stop
Cons
- The period of time required for staking to get this card is 180 days. I consider this a long time
