Mastercard, one of the world’s largest payment providers, came to the fore with an announcement that excited the crypto money industry last year. The company announced that it has started testing a system that will allow payments to be made directly with cryptocurrencies, without the hassle of trading.
One of the payment solutions to be included in this system has been announced today. Cryptocurrency buying, selling and custody platform Nexo has officially launched its credit card, which is the first in the world, developed as a result of partnership with Mastercard and DiPocket. Nexo’s credit card has also managed to enchant many crypto money investors with its features.
It is now possible to pay from your crypto account with a credit card
The credit card, which debuted as Nexo Card, allows you to use your assets in your crypto wallet as collateral. The credit card allows you to spend with many cryptocurrencies, not just big names like Bitcoin, Ethereum or USDT (Tether). Moreover, no monthly/yearly fee is paid for the credit card, and Nexo, with a credit-to-value ratio of 20% or less, offers its customers the opportunity to shop at zero cost.
Up to 2% of each purchase is refunded in the form of crypto currency:
In addition to all these, Nexo Card, which can be obtained in both digital and physical form, offers Bitcoin and Nexo’s own crypto currency with each purchase. The unit offers a recovery of up to 2% of the shopping amount that can be purchased in the form of NEXO. The card comes with Apple Pay and Google Pay integration, and cardholders can add their Nexo Card to their preferred mobile wallet.
According to Nexo’s statement, Nexo Card can be used in 92 million commercial businesses worldwide where Mastercard is valid. Cryptocurrency holders will be able to spend up to 90% of the nominal value of cryptocurrencies in their wallets.
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