Nexo teams up with Mastercard and DiPocket to launch crypto card in Europe

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/04/Nexo-card-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Nexo crypto card" style="float: left; margin-right: 5px;" link_thumbnail="" loading="lazy" srcset="https://www.leaprate.com/wp-content/uploads/2022/04/Nexo-card-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/04/Nexo-card-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/04/Nexo-card-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/04/Nexo-card-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/04/Nexo-card-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/04/Nexo-card-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/04/Nexo-card.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Nexo said in the official announcement:</p>
<blockquote><p>The card requires no minimum repayments, monthly, or inactivity fees. There are no FX fees for up to €20,000 per month.</p></blockquote>
<p>Additionally, there are no restrictions on what a customer can spent or withdraw. Interest is with no cost for Nexo customers who maintain a loan-to-value ratio of 20% or below.</p>
<p>Antoni Trenchev, Co-founder and Managing Partner at Nexo, commented:</p>
<div><img aria-describedby="caption-attachment-444711" class=" wp-image-444711" src="https://www.leaprate.com/wp-content/uploads/2022/04/Antoni-Trenchev.jpg" alt="Antoni Trenchev, Nexo" width="107" height="107" srcset="https://www.leaprate.com/wp-content/uploads/2022/04/Antoni-Trenchev.jpg 578w, https://www.leaprate.com/wp-content/uploads/2022/04/Antoni-Trenchev-250×250.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/04/Antoni-Trenchev-150×150.jpg 150w, https://www.leaprate.com/wp-content/uploads/2022/04/Antoni-Trenchev-120×120.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/04/Antoni-Trenchev-245×245.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/04/Antoni-Trenchev-500×500.jpg 500w" sizes="(max-width: 107px) 100vw, 107px" /><p>Antoni Trenchev<br />Source: LinkedIn</p></div>
<blockquote><p>Launching the Nexo Card in Europe in partnership with Mastercard and DiPocket is a big milestone for us and the latest 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 worldwide, to spend instantly without having to give up the potential of their cryptocurrencies, thus offering unprecedented everyday utility for the emerging asset class.</p></blockquote>
<p>Raj Dhamodharan, Mastercard’s Head of Crypto and Blockchain Products and Partnerships, said:</p>
<blockquote><p>Mastercard believes that <a target="_blank" href="https://www.leaprate.com/payments/visa-and-mastercard-support-the-use-of-cryptocurrencies-in-the-financial-services-industry/" rel="noopener">digital assets are revolutionizing the financial landscape</a> and we are leading in innovation with programs like our partnership with Nexo to deliver people new and one-of-a-kind choices in how they pay and activate their crypto holdings. We’re excited to continue to innovate in payments by making digital assets more accessible across the ecosystem.</p></blockquote>
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