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Nexo Unveils Payment Card Where Users Get to Keep Their Crypto
The crypto lender is offering the card in partnership with Mastercard and corporate payment services provider DiPocket.
작성자 Jamie Crawley
Nexo has unveiled a crypto-backed payments card that allows users to spend without having to sell their digital assets.
- The crypto lender is offering the Nexo Card in partnership with Mastercard (MA) and corporate payment services provider DiPocket, giving cardholders access to 92 million merchants worldwide.
- Nexo claims the card is the first to allow users to spend without selling their digital assets. It is linked to a Nexo crypto-backed credit line, with cardholders' digital assets as collateral. Payment is made through the credit line, which is available in fiat and stablecoins.
- The card is available across select European markets.
- Debit and credit cards linked to digital assets are established in the crypto industry, though many users may be put off because of the risk of losing gains in crypto's value. Nexo's card might encourage more frequent use of crypto-backed cards in everyday transactions by alleviating this risk.
- The card can be linked to Apple Pay and Google Pay.
Read more: FTX Readies Visa Debit Card for Users to Spend Crypto Balances
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
O que saber:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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