We gathered all the information about Nexo Mastercard (Nexo card) like available countries, crypto features, etc. Nexo Mastercard will be the first crypto backed credit card. The world’s first crypto-backed credit card has been created by Nexo and Mastercard. This merger may ignite enthusiasm for a crypto economy that does not have to fully replace the conventional economy. With this ambitious collaboration, virtual digital assets are expected to become more common.
What is Nexo Mastercard?: Available countries, crypto features, and more
Credit limits are a constraint on traditional credit cards, which is (and intelligently intended). Other than this, there are also vulnerabilities associated with these credit cards. Some of the issues may be addressed by a crypto-backed card like the Nexo card. There is no minimum or monthly charge to begin with. Users can spend 90% of the fiat value of their crypto assets. There will be no FX fees up to 20,000 Euros. The consumer has unrestricted access with no spending or withdrawal limits. The interest rates will be ‘zero’ percent for borrowers with a loan-to-value ratio of 20 percent or less. This is a fantastic offer for crypto enthusiasts.
Related: If you don’t like volatile cryptocurrencies, these stable coins might be the thing for your crypto-backed credit card.
The Nexo card also offers up to 2% in rewards in general and up to 0.5% rewards with each BTC earnings.
Nexo card available countries
The card will be first launched in European countries. The cryptocurrency-backed card is connected to Nexo and may be used at any of the over 92 million merchants that accept Mastercard.
