First-Ever Crypto Card from MasterCard & Nexo Is Out Now

First-Ever Crypto Card from MasterCard & Nexo Is Out Now

The first European cryptocurrency credit card from the crypto loan platform Nexo & Mastercard is finally available. The card allows customers to make payments directly in crypto instead of selling digital assets first. Find more news on the GBC Time website.

To launch the cryptocurrency card, the cryptocurrency platform Nexo teamed up with payment provider MasterCard and p2p payments network DiPoket. The companies have been working on this project since 2019. The Nexo card is accepted by ninety-two million merchants in the MasterCard’s network and works with multiple assets, including:

Bitcoin;
Ethereum;
Tether.

The crypto credit card is attached to Nexo’s credit line with a 0% APR. The user also doesn’t have to pay any minimum repayments. There are also no fees for foreign transactions up to €20k per month.

Like a normal MasterCard credit card, the Nexo card can be ordered both virtually and physically. It also has direct integrations with Google & Apple Pay.

Europe became a testing ground for the Nexo’s crypto card, which is now available in twenty-nine countries, such as:

GB;
Cyprus;
Finland;
the Czech Republic;
the French Republic;
Belgium;
Germany.

Soon, the card will launch worldwide.

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