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Nexo launches crypto Mastercard for EEA citizens

Nexo launches crypto Mastercard for EEA citizens.

The lending platform Nexo has released a new Mastercard crypto card for citizens of the European Economic Area (EEA).

The card enables spending of stablecoins in euros, U.S. dollars, and British pounds via debit transactions at over 100 million trading terminals globally.

The Nexo Card functions as both a debit and credit card. Users can make payments with stablecoins and receive up to 9% annual interest on their account balance. For credit, the card uses cryptocurrencies, such as Bitcoin, as collateral. Additionally, users can get up to 2% cashback and a 16% annual rate on credit.

Read more at the link: https://cointelegraph.com/news/nexo-launches-crypto-mastercard-eea-citizens