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Nexo, a digital assets institution providing crypto lending, exchange and storage, has offered its customers in the European Economic Area the Nexo Card, a crypto-backed Mastercard credit card, since April 2022. Cardholders can make purchases using a line of credit of up to 90% of the value of the 65 cryptocurrencies that Nexo users are able to dedicate as collateral.
In addition to crypto, Nexo’s digital wallets can also hold fiat-backed stablecoins. The company has recently updated its digital wallet, allowing users of the Nexo Card to make debit payments from stablecoin...Check out our subscription offers.
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