Crypto Debit Card Company Monaco Has Acquired Crypto.com in an Undisclosed Deal
Monaco – the cryptocurrency debit card company has bought the domain Crypto.com for an undisclosed amount.
The domain attracted the boundless amount of interest from all over the world for quite a long time. Matt Blaze refused to sell his website, Crypto.com. He declared in January that the domain was “not for sale” and people shouldn’t contact him regarding it. It looks like his tune has finally changed over the course of a year as it is now reportedly been sold to Monaco.
The domain was established and registered in 1993 by Matt Blaze who is a professor of computer and information science at the University of Pennsylvania and also sits on the board of directors of the Tor Project.
Nonetheless, Monaco, a cryptocurrency-based project focused on providing innovative financial services to cryptocurrency holders, has finally found the right price tag and become the proud owner of Crypto.com.
No reason has emerged at this point to explain Blaze’s change of heart, as he refused to comment on the matter, though people directly involved in the deal like Monaco CEO Kris Marszalek have reportedly hinted that it could have been about more than the money.
Monaco CEO Kris Marszalek stated that “If it was only about money he’d have sold it a long time ago.” In addition, he stated that:
“This is a very powerful identity that we are taking on. It’s representative of the entire category so it comes with a huge responsibility on us to carry the torch. We don’t take it lightly and this is one of the things that I think we conveyed successfully, that, as a company, we do have a higher purpose, fundamentally, blockchain and crypto will enable [the next generation] to control their money, to control their data and to control their identity, these are the three fundamental things that weave the fabric of society. For us this is the purpose, we want to acceleration the world’s adoption of cryptocurrency”
The splashy purchase of the domain is part of a rebrand for Monaco that will see the parent company become Crypto.com and its Monaco services including the upcoming Visa card will become MCO alike the company’s native token.
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