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Mastercard partners with Nexo to launch cryptocurrency card in Europe

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  • Mastercard (NYSE:MA) on Wednesday has teamed up with Nexo, a digital asset institution, and DiPocket, a payment solutions provider, to roll out a cryptocurrency card in certain European markets.

  • The so-called Nexo Card, which allows users to spend without selling their cryptos, will be accepted by 92M merchants worldwide where Mastercard (MA) is welcomed.

“Do you know is one the fastest growing crypto mining and trading platform for beginners and pro people?”

  • Nexo Card offers a variety of features such as "Your Crypto Stays," meaning the card is linked to a crypto-backed credit line that maintains a 0% annual percentage rate, which allows cardholders to use their cryptos as collateral rather than selling them. Other features include zero fees, 2% crypto rewards and seamless access.

  • Note that Nexo's zero-cost credit is available to clients who maintain a loan-to-value ratio of up to 20%.

  • In Nov. 2021, Mastercard partnered with digital asset service providers to launch crypto-linked payment cards in the Asia Pacific.

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