Nexo Unveils World's First Dual Mode Crypto Mastercard

Nexo, a prominent institution in the digital assets realm, has unveiled a groundbreaking Dual Mode capability for its signature Nexo Card. This feature, a first of its kind, offers both debit and credit functionalities.

Launched in collaboration with Mastercard and DiPocket in 2022, the Nexo Card has now been enhanced to provide users with a seamless and enriched experience.

The future of #crypto payments is here.

Introducing the world-first Dual Mode of our pioneering Nexo @Mastercard, featuring both credit and debit capabilities.

Experience the ease of debit coupled with the power of credit, earn rewards, and spend your way. pic.twitter.com/FuHNUrSRNO

— Nexo (@Nexo) August 31, 2023

Toggle and Tailor Your Spending

The innovative Nexo app allows users to effortlessly switch between the card's modes. This adaptability ensures that they can customize their spending in real-time. Additionally, users can earn up to 9% interest on their holdings, positioning the card as a potent tool for wealth accumulation.

Bridging Traditional and Crypto Finance

Blockchain technology is progressively acting as a pivotal link between conventional and crypto finance. However, crypto enthusiasts often grapple with challenges like converting digital assets to fiat before spending and limited crypto acceptance. The Dual Mode feature is Nexo's visionary answer to these challenges, ensuring a smoother transaction experience.

Key Features of the Dual Mode Capability

Switching Made Easy: Whether it's daily expenses or significant purchases, users can easily toggle between credit and debit modes via the Nexo app.

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• Hassle-Free Payments: Users can spend their available EUR, USD, and GBP balances or even withdraw up to €10,000 in cash monthly.

• Global Spending: The card is accepted at over 100 million merchants globally, eliminating foreign transaction fees.

• Earn As You Hold: Without spending their assets, users can earn up to 9% interest annually, credited daily.

• Safety First: Nexo's robust fraud detection system, coupled with round-the-clock support, ensures maximum security for users.

A Commitment to Innovation: Antoni Trenchev, a co-founder and managing partner at Nexo, emphasized the company's dedication to innovation.

“The Nexo Card embodies the pinnacle of customer-centric innovation, cultivated from user-driven needs that Nexo has been diligently addressing over the years. By bringing the pioneering Nexo Card with the Dual Mode capability to market, Nexo has further strengthened its position as a leading innovator in the crypto space," he said.

Additional Perks: The Dual Mode feature also boasts up to 2% crypto rewards on every credit mode purchase, zero fees and compatibility with Apple Pay and Google Pay.

Nexo stands as a global leader in the digital assets domain. With a mission to amplify the value of digital assets, it offers a wide range of products, including advanced trading solutions and tax-efficient credit lines. In 2022, Nexo launched its investment arm, Nexo Ventures, now supporting over 60 portfolio companies.

To date, Nexo has processed over $130 billion for more than 6 million users worldwide.

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