Nexo: Launches First Card Backed by a Crypto Credit Line

Nexo: Launches First Card Backed by a Crypto Credit Line

  • Nexo is the world’s leading regulated digital assets institution
  • Mastercard is a global technology company in the payments industry
  • DiPocket is a leading provider of embedded payment solutions for Corporates
  • Officially launched the Card, a first-of-its-kind crypto-backed Mastercard card, in select European markets
  • Partnering with Mastercard and DiPocket, giving its users access to cryptocurrency-powered liquidity 
  • The Card is the first card in the world that allows users to spend without having to sell their digital assets
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Kraken Gains Historic Fed Master Account Approval

Cryptocurrency exchange Kraken becomes the first to secure a master account with the Federal Reserve.Highlights: Kraken becomes the...

NatWest Strengthens Business Banking by Hiring Adeel Hyder from Starling

Hyder will lead the business banking team, enhancing NatWest's services.Highlights: Adeel Hyder joins NatWest from Starling Bank.Hyder will...

Innovate Finance Says BoE Stablecoin Proposals Will Chill UK Market

New stablecoin proposals from the Bank of England raise concerns for fintech growth.Highlights: Innovate Finance criticizes Bank of...

Standard Chartered Strengthens Global Payments Team with New Appointment

Former co-head of Kinexys takes charge of payments strategy.Highlights: Standard Chartered appoints former Kinexys co-head as global payments...