Cryptocurrencies, the first Mastercard in Europe for “guaranteed” purchases and cashback

Axis with Nexo and DiPocket: the new card allows you to make transactions without the need to sell your digital assets. There is also a 2% repayment plan. Integration with Apple Pay and Google Pay

14 Apr 2022

Patrizia Licata


The Nexo Card arrives in Europe, the first Mastercard with support for cryptocurrencies, such as - but not limited to - Bitcoin, Ethereum and Tether. The initiative is launched by Nexo, a regulated institute of digital assets, in collaboration with DiPocket, the Nexo card issuer for the new offer in Europe, and with Mastercard as a technology company and payment network. The crypto card offers customers access to cryptocurrency liquidity in over 92 million commercial sites around the world where Mastercard is already accepted.

The Nexo Card is the first card in the world with which users can make payments without having to sell their digital assets.

Index of topics

• Digital assets act as collateral

• Cashback in crop currencies

• "Daily utility for emerging assets"

Digital assets are a guarantee

Earlier this year Nexo completed a partial launch of the Nexo Card in select European countries, aiming for a focus group that has collectively generated extraordinary interest and volume of transactions, demonstrating that there is strong demand for this product. financial, reads a note from Nexo to the media. In the next stages of Nexo Card development, the company plans to add debit card functionality and expand the offering internationally, along with many other upgrades.

The Nexo card is linked to a Nexo-provided and cryptocurrency-backed line of credit that starts and remains at zero cost credit for eligible Nexo customers who maintain a Loan-to-value (Ltv) ratio of 20% or less. It allows cardholders to use their digital assets as collateral rather than selling them. The credit line is dynamic and can use multiple assets.

Cashback in crop currencies

The Nexo Card also has zero commissions and guarantees a 2% "cashback" in cryptocurrencies. Each transaction with Nexo Card in fact automatically generates a 2% "premium" paid in Bitcoin or in the Nexo token and which automatically becomes available in your Nexo account.

Available in both virtual and physical form, the Nexo Card comes with direct integrations of Apple Pay and Google Pay. Cardholders can add the Nexo Card to their favorite mobile wallet from the Nexo Wallet app and the additional virtual cards are free.

The Nexo Card will allow investors to spend up to 90% of the fiat value of their cryptocurrencies in seconds without selling anything.

"Daily utility for emerging assets"

"The launch of the Nexo Card in Europe in collaboration with Mastercard and DiPocket is a great milestone for us and further proof of the immense synergy between the existing financial network and digital assets. This unique product will allow millions of people, first in Europe and then around the world, to spend instantly without having to give up the potential of their cryptocurrencies, thus offering unprecedented daily utility for the emerging asset class, "said Antoni Trenchev. co-founder and CEO of Nexo.

“DiPocket is delighted to have been selected as the issuer of the Nexo Card, a truly innovative solution designed to meet the needs of millions of digital asset investors,” commented Fedele Di Maggio, co-founder and CEO of DiPocket. "Our partnership on this project with Nexo and Mastercard is a distinctive example of how DiPocket's embedded financial technology enables visionary companies to deliver value and convenience to their customers."

"Mastercard believes digital assets are revolutionizing the financial landscape and we have led innovation with programs such as partnering with Nexo to offer people new and unique choices in how they pay for and activate their cryptocurrencies. We are excited to continue innovating in payments by making digital assets more accessible across the ecosystem, ”said Raj Dhamodharan, Head of Crypto and blockchain products and partnerships at Mastercard.

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