Denaro: another promise of a working debit card (+coin, ICO) – SCAM.

June 2018 update: Denaro turned out to be a scam and the people behind it disappeared with raised funds:
https://medium.com/@franck.melka/how-icos-scammers-like-denaro-coin-and-now-plutocoin-start-to-steal-the-money-of-crypto-investors-17b026e08d4b

Denaro ICO have just scammed investors and ran away with $8.7 million from CryptoCurrency


This post was not paid for, it was not promoting them except for re-stating the claims from their website. Please do your own research before investing.

 

 

Denaro is a startup claiming to increase spendability, or liquidity, of cryptocurrencies. They are running an ICO right now, though there is no product to test out yet. This is what the Denaro platform supposedly aims to do:

  • Connect IBAN bank accounts with crypto
  • Connect a prepaid debit card for crypto wallets
  • Let merchants accept both crypto and fiat for goods and services
  • Merge several cryptocurrencies into one wallet interface.

This is pretty much the same as what all the Bitcoin debit card providers have been doing, well, plus the nice merchant services bonus. However, every new debit card issuer counts, because most existing cards have been affected by the recent Visa and MasterCard ban of the card issuer, WaveCrest.

According to the roadmap, Denaro should have the cards ready for the public around May 2018. If the cards really prove to be working well – it’s worth the wait.

We’ll definitely keep watching this startup.

 

1 Comment
  1. […] have cards already), TenX (end of Q1 2018), Denaro (ICO now, cards in May), Bitwala (bank, cards, tether alternative), check other cards’ status […]

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