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Nexo is partnering with Mastercard and DiPocket to barrage the aboriginal crypto agenda in Europe that allows users to absorb after affairs their agenda assets
VILNIUS, Lithuania, April 13, 2022--(BUSINESS WIRE)--Nexo, the arch adapted academy for agenda assets, today clearly launched the Nexo Card, a first-of-its-kind crypto-backed Mastercard card, in baddest European markets. For the launch, Nexo is partnering with Mastercard and DiPocket, giving its users admission to cryptocurrency-powered clamminess beyond 92M merchant sites worldwide.
This columnist absolution appearance multimedia. View the abounding absolution here: https://www.businesswire.com/news/home/20220413005403/en/
The Nexo Agenda – the aboriginal crypto-backed agenda that allows users to absorb after affairs their agenda assets. (Graphic: Business Wire)
The Nexo Agenda is the aboriginal agenda in the apple that allows users to absorb after accepting to advertise their agenda assets. Nexo has teamed up with DiPocket, Nexo’s agenda issuer for the new alms in Europe, and Mastercard as the tech aggregation and acquittal network, to action assorted avant-garde appearance for the Nexo Card:
Your Crypto Stays: The Nexo Agenda is affiliated to a Nexo-provided, crypto-backed acclaim band that starts and stays at 0% APR*. It allows cardholders to use their agenda assets as accessory rather than affairs them. The acclaim band is activating and can use assorted assets as collateral, including but not bound to Bitcoin, Ethereum, and Tether.
Zero Fees: The agenda requires no minimum repayments, monthly, or cessation fees. There are no FX fees for up to €20,000 per month.
2% Crypto Rewards: Every Nexo Agenda transaction is able with burning crypto cashback, paid out in Bitcoin or in Nexo’s built-in NEXO Token. This agency users not alone can absorb buying of their agenda assets, but they additionally acquire up to 2% aback in chargeless cryptocurrency with anniversary purchase, which becomes automatically attainable in their Nexo account.
Seamless Access: Attainable both in basic and concrete form, the Nexo Agenda comes with absolute Apple Pay and Google Pay integrations. Cardholders can add the Nexo Agenda to their adopted adaptable wallet from the Nexo Wallet App with a few taps. Additional basic cards appear at no cost.
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Thanks to the avant-garde basement provided by DiPocket and Mastercard, the Nexo Agenda will be accustomed by 92 actor merchants common area Mastercard is accepted, acceptance investors to absorb up to 90% of the authorization amount of their crypto in abnormal after affairs any of it.
Antoni Trenchev, Co-founder and Managing Partner at Nexo, commented:
"Launching the Nexo Agenda in Europe in affiliation with Mastercard and DiPocket is a big anniversary for us and the latest affidavit of the immense synergy amid the absolute banking arrangement and agenda assets. This different artefact will acquiesce millions of people, aboriginal in Europe and again worldwide, to absorb instantly after accepting to accord up the abeyant of their cryptocurrencies, appropriately alms aberrant accustomed account for the arising asset class."
Fedele Di Maggio, Co-founder and CEO at DiPocket, said:
"DiPocket is captivated to accept been called as the issuer of the Nexo Card, a absolutely avant-garde band-aid advised to accomplish the needs of millions of investors in agenda assets. Our affiliation in this activity with Nexo and Mastercard is a characteristic archetype of how DiPocket’s anchored accounts technology enables abstracted companies to bear amount and accessibility to their customers."
Raj Dhamodharan, Mastercard’s Head of Crypto and Blockchain Articles and Partnerships, said:
"Mastercard believes that agenda assets are revolutionizing the banking mural and we are arch in addition with programs like our affiliation with Nexo to bear bodies new and one-of-a-kind choices in how they pay and actuate their crypto holdings. We’re aflame to abide to innovate in payments by authoritative agenda assets added attainable beyond the ecosystem."
Earlier this year, Nexo completed a fractional roll-out of the Nexo Agenda in baddest European countries, targeting a focus accumulation that collectively generated amazing absorption and transaction volume, proving there is aerial appeal for this banking product. In the advancing stages of the Nexo Card’s development, the aggregation is planning to add a debit-type agenda functionality and aggrandize the alms internationally, amid abounding added upgrades.
*Nexo’s zero-cost acclaim is attainable to acceptable Nexo audience who advance a Loan-to-Value (LTV) arrangement of 20% or below.
About Nexo
Nexo is the world’s arch adapted agenda assets institution. The company’s mission is to aerate the amount and account of cryptocurrencies by alms an Exchange account with 300 bazaar pairs, tax-efficient Burning Crypto Acclaim Lines, a high-yield Acquire Crypto Absorption suite, and adult trading and OTC capabilities while accouterment the top-tier careful allowance and military-grade aegis of the Nexo Wallet. Nexo has candy $80 billion for 4,000,000 users beyond added than 200 jurisdictions. Visit nexo.io to apprentice more.
About Mastercard (NYSE:MA)
Mastercard is a all-around technology aggregation in the payments industry. Our mission is to affix and ability an inclusive, agenda abridgement that allowances everyone, everywhere by authoritative affairs safe, simple, acute and accessible. Using defended abstracts and networks, partnerships and passion, our innovations and solutions admonition individuals, banking institutions, governments and businesses apprehend their greatest potential. Our appropriateness quotient, or DQ, drives our ability and aggregate we do central and alfresco of our company. With access beyond added than 210 countries and territories, we are architecture a acceptable apple that unlocks priceless possibilities for all.
www.mastercard.com
About DiPocket
DiPocket is a arch provider of anchored acquittal solutions for Corporates. Licensed as an e-money academy in Lithuania and the UK, DiPocket operates a tier-one ecosystem accouterment the accomplished akin of animation and security. The Company’s action complements that of acceptable banks with a ample ambit of customized articles including but not bound to acquittal Cards, agenda to agenda payments, SEPA EUR and UK Faster Payments, and Open Banking.
Disclaimer: The admonition provided in this absolution should not be admired as advance or banking advice. Crypto-backed loans accumulated with aerial bazaar animation may betrayal you to risk.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20220413005403/en/
Contacts
Stella ZlatarevaNexo PR Teampr@nexo.io
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