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Mastercard and Nexo Partner Up to Launch a Crypto Credit Card
Summary: Mastercard, American multinational financial services corp., and Nexo, instant crypto credit lines firm, have teamed up and are launching a cryptocurrency credit card. In a statement released by Nexo, they claimed this will be that first credit card that allows its users to spend the value of their crypto without actually spending it. The credit ...
Mastercard, American multinational financial services corp., and Nexo, instant crypto credit lines firm, have teamed up and are launching a cryptocurrency credit card. In a statement released by Nexo, they claimed this will be that first credit card that allows its users to spend the value of their crypto without actually spending it. The credit card will not have annual, monthly, or foreign exchange fees. Nexo's explanation of the usage of the card follows, "When using the Nexo Card to purchase goods and services, you actually pay using your Nexo flexible open-ended revolving credit line that is backed with your crypto holdings and thus not selling any of them, which is giving you the freedom to spend today and sell your holdings whenever you want in the future to pay back the loan."
Author: Sofia Cabrera
Tags: cryptocurrency credit card.,Mastercard,Nexo
Link: Mastercard and Nexo Partner Up to Launch a Crypto Credit Card [Copy]
