Nexo Officially Launches Its Mastercard-Backed Crypto Card

Digital asset manager Nexo has partnered with global payments giant Mastercard to launch a Mastercard-backed crypto card in selected European markets. Nexo Unveils Its First-of-a-Kind Crypto Card Dubbed the Nexo Card, the card offers users a crypto-backed credit line that enables cardholders to use their cryptocurrency as collateral, rather than selling it. For the launch, Nexo teamed up with Mastercard as the tech company and DiPocket to act as Nexo’s card issuer for European markets. The #NexoCard is here! Welcome the only card that lets you spend the value of your #crypto without selling it!#Hodl while you spend with thе one-of-a-kind Nexo Card linked directly with your Instant Crypto Credit Line! Get yours now! 1/2https://t.co/saMvEgcgMg — Nexo (@Nexo) April 13, 2022 According to the announcement, Nexo Card will require no minimum repayments, monthly, or inactivity fees. There are also no FX fees for up to $21,600 per month. For every Nexo Card transaction, users are eligible for an instant crypto cashback feature which can be paid out in either Bitcoin or Nexo’s native NEXO token. The Card also comes with Apple Pay and Google Pay integrations which can be accepted by over 90 million merchants where Mastercard is accepted. “Launching the Nexo Card in Europe in partnership with Mastercard and DiPocket is a big milestone for us and the latest proof of the immense synergy between the existing financial network and digital ass...