Crypto Lender Nexo Joins Hands with Mastercard

Daily Current Affairs / Crypto Lender Nexo Joins Hands with Mastercard

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Category : Business and economics Published on: April 22 2022

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Crypto lender Nexo has partnered with Mastercard to launch the world’s first “crypto-backed” payment card.
The card allows users to spend without having to sell their digital assets such as bitcoin. These will be used as collateral to back the credit granted.
Initially the facility has been launched in selected European countries.
Electronic money firm DiPocket will issue this card.

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Crypto Lender Nexo Joins Hands with Mastercard