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Crypto Lender Nexo Joins Hands with Mastercard

Category : Business and economics
Published on: April 22 2022 Share on facebook

  • 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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