Nexo Launches Crypto-Backed Credit Cards in Europe in Partnership With Mastercard

Digital assets platform Nexo has inked a deal with Mastercard and DiPocket to launch crypto cards that will allow its customers in Europe to spend digital currencies without touching their funds.

Spending Crypto Without Depleting One’s Digital Asset’s Reserve

This is going to be made possible with the Nexo crypto card, as users will gain access to a credit line that will allow users to spend as much as 90% of the value of their crypto holdings with Nexo.

Thanks to the Mastercard partnership, which will serve as the payments infrastructure processor, Nexo Crypto Cardholders can use the card in more than 92 million merchant locations worldwide. DiPocket is the platform’s official card issuer.