{"id":60066,"date":"2022-04-13T17:32:06","date_gmt":"2022-04-13T14:32:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60066"},"modified":"2025-09-05T01:20:47","modified_gmt":"2025-09-04T22:20:47","slug":"nexo-unveils-mastercard-backed-crypto-card-for-europe","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nexo-unveils-mastercard-backed-crypto-card-for-europe\/","title":{"rendered":"Nexo unveils Mastercard-backed crypto card for Europe"},"content":{"rendered":"<p>The crypto lending platform Nexo announced the launch of the Nexo Card powered by Mastercard for the European market. The card will be issued by DiPocket.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The <a href=\\\"https:\/\/twitter.com\/hashtag\/NexoCard?src=hash&#038;ref_src=twsrc%5Etfw\\\">#NexoCard<\/a> is here!<\/p>\n<p>Welcome the only card that lets you spend the value of your <a href=\\\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\\\">#crypto<\/a> without selling it!<a href=\\\"https:\/\/twitter.com\/hashtag\/Hodl?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Hodl<\/a> while you spend with th\u0435 one-of-a-kind Nexo Card linked directly with your Instant Crypto Credit Line! <\/p>\n<p>Get yours now! <br \/>1\/2<a href=\\\"https:\/\/t.co\/saMvEgcgMg\\\">https:\/\/t.co\/saMvEgcgMg<\/a><\/p>\n<p>\u2014 Nexo (@Nexo) <a href=\\\"https:\/\/twitter.com\/Nexo\/status\/1514200502262714372?ref_src=twsrc%5Etfw\\\">April 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cThe launch of the Nexo Card in Europe with Mastercard and DiPocket is an important milestone for us and the latest demonstration of the enormous synergistic potential between the existing financial network and digital assets,\u201d said Nexo co-founder Antoni Trenchev.<\/p>\n<\/blockquote>\n<p>The fiat-backed credit line secured by cryptocurrency (without the need to sell it) carries no minimum payments and no maintenance fees. Users will be able to add the Nexo Card to Apple Pay and Google Pay, and to receive cashback in BTC or in native NEXO tokens.<\/p>\n<p>The platform allowed ATM withdrawals up to 10 times per month with a cap of 10,000 euros; exchange fees are not charged on up to 20,000 euros per month.<\/p>\n<p>Mastercard&#8217;s executive vice president for digital assets, blockchain, and partnerships, Raj Dhamodaran, noted that cryptocurrencies \u201cwill revolutionize the financial landscape.\u201d In his view, Nexo offers customers \u201ca one-of-a-kind\u201d way to use crypto assets.<\/p>\n<p>In February 2022, the cryptocurrency exchange <a href=\"https:\/\/forklog.com\/en\/news\/ftx-announces-plan-to-issue-a-visa-debit-card-and-opens-a-waitlist\">FTX<\/a> announced the launch of a Visa debit card and opened a waitlist. Similar statements were made by <a href=\"https:\/\/forklog.com\/en\/news\/robinhood-launches-debit-card-with-cryptocurrency-cashback\">online broker Robinhood<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/ledger-to-launch-visa-cryptocurrency-card\">hardware wallet maker Ledger<\/a>.<\/p>\n<p>Earlier, Visa had already approved launching similar payment solutions with several companies, including <a href=\"https:\/\/forklog.com\/en\/news\/binance-launches-pan-european-payment-card-with-cashback-in-bnb-tokens\">Binance<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/bakkt-launches-virtual-visa-debit-card-for-bitcoin-payments\">Bakkt<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/blockfi-launches-bitcoin-cashback-visa-card\">BlockFi<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/australian-startup-cryptospend-to-launch-debit-card-in-partnership-with-visa\">CryptoSpend<\/a>.<\/p>\n<p>In 2021, the American <a href=\"https:\/\/forklog.com\/en\/news\/gemini-and-mastercard-to-launch-crypto-cashback-credit-card\">exchange Gemini<\/a> and the Australian <a href=\"https:\/\/forklog.com\/en\/news\/australian-digital-asset-exchange-coinjar-launches-mastercard-backed-cryptocurrency-card\">platform CoinJar<\/a> issued cryptocurrency cards with Mastercard support.<\/p>\n<p>Back in February 2022, Nexo <a href=\"https:\/\/forklog.com\/en\/news\/nexo-suspends-interest-payments-for-us-customers\">suspended interest accrual<\/a> on the Nexo Earn Interest product for new US customers.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nexo crypto-lending platform announced the launch of Nexo Card powered by Mastercard for the European market. The card will be issued by DiPocket.<\/p>\n","protected":false},"author":1,"featured_media":60067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1315],"class_list":["post-60066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-nexo"],"aioseo_notices":[],"amp_enabled":true,"views":"49","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=60066"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60066\/revisions"}],"predecessor-version":[{"id":60068,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/60066\/revisions\/60068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/60067"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=60066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=60066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=60066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}