Nexo Launches Crypto Mastercard

Crypto lending platform Nexo announced the release of the Nexo Card for the European market based on the Mastercard payment system.

According to platform co-founder Antony Trenchev, the launch of Nexo Card in Europe with Mastercard and DiPocket is an important step for the company.

The card is issued with a credit line in fiat secured by cryptocurrencies (without the need to sell them) and does not require minimum payments and maintenance fees. In addition, users will be able to add Nexo Card to Apple Pay and Google Pay, as well as receive cashback in BTC or native NEXO tokens.

With this card, users will also be able to withdraw funds from an ATM up to 10 times a month with a limit of up to 10,000 euros. Exchange commissions up to 20,000 euros per month are not charged.

Earlier, Kirill Khomyakov, General Manager of Binance in Ukraine, said that the exchange is working on launching cryptocurrency payment cards in the country.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

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