Nexo’s Partnership with MasterCard and DiPocket
Nexo is proud to announce that the Nexo Card – is the only card that lets you spend the value of their crypto without selling it!
The platform has partnered with global payments giant Mastercard and DiPocket to launch a Mastercard-backed crypto card in selected European markets.
Their unique card is tied to the Nexo Instant Crypto Credit Line, so users can operate with your crypto in their daily life without sacrificing its future potential.
The Nexo Card encourages you to HODL your crypto, rather than sell it. This differs from regular cards in the crypto space that sells the equivalent of the amount you spend.
Their card functions through Nexo’s crypto-backed credit lines which means that funds for your purchases come from your available credit line while your digital asset portfolio remains intact.
Essentially, you use your crypto as collateral while spending its value at millions of merchants globally, everywhere where Mastercard is accepted. You can use both just a single asset or multiple cryptocurrencies and stablecoins as collateral which enables you to spend up to 90% of the value of your crypto through the Nexo Card.
The Nexo Card is the first crypto-backed credit card in the European Economic Area (EEA) and is brought to you in partnership with Mastercard and DiPocket.
As always, Nexo is committed to partnering only with the best-in-industry providers and they are incredibly proud to boast this new product with household names from the financial industry.
– Antoni Trenchev, Co-founder and Managing Partner of Nexo
Launching the Nexo Card in Europe with Mastercard and DiPocket as our go-to-market partners is a big milestone for us and the latest proof of the immense synergy potential between the existing financial network and digital assets.
About Nexo
Nexo is the world’s largest and most trusted lending institution in the digital finance industry. Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system.
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