This Cryptocurrency Gained 695% on a Deal With Visa That Didn’t Happen

  • Monaco said in May it had introduced a Visa-branded card
  • Visa says company’s proposed product is still being reviewed

Bitcoin Is Like Airline Miles, Says JPM's John Normand

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A form of digital money known as Monaco gained as much as 695 percent in value since May 17, when its issuing company tweeted that it would offer a Visa Inc.-branded payment card.

Monaco didn’t have a deal with Visa.