Review after ICO: •
at the end of August, the developers removed from the official website a white paper, all information about an ICO, and their partnership with Visa. The white paper is outdated, as they say, and now the team is working on a new one. You can read this lost document on the website of Wayback Machine
The situation with Visa: there is no a contract yet so they can't use their trademark. But in fact, it didn't stop Monaco from using Visa's logos during the pre-sale and the ICO; •
it's a bit difficult to get reliable information about Monaco. They communicate only in Slack and Telegram, but these are the chats where you hardly find any messages from the company's representatives. However, in Slack, you can sort out the messages from the CEO by typing in "from:@kris".
On Twitter, the developers only advertise their cards. There is also one article published on 31st August on Medium about an official release of the app. Many think that the project is a scam due to the lack of information
as they promised, on 31st August Monaco has released the application where you can reserve a card. They received more than 10 thousand applications within two weeks
On the same day, 31st August, the developers planned to send the cards to the early-birds, they haven't sent any so far: negotiations with Visa are still going on. They ensure that Monaco will get a partnership in September, the new date for sending the cards is October
the plan is to earn 1,5-2% from each transaction. They will start from Asia, in Q4 — Europe, and by 2018 — the U.S. According to the White Paper (on Wayback Machine), the developers planned to attract 281,5 thousand users and make $6,2 billion in the first year.