Occurred Cryptocurrency exchange Nexo, a deal with MasterCard to launch credit cards that will allow its customers in Europe to spend cryptocurrency with great ease and without monthly fees or minimum payment.

The Nexo crypto card will allow users to spend up to 90% of the value of their crypto holdings with the platform, thanks to a partnership with MasterCard, which will act as the payments infrastructure processor.

Nexo Crypto card holders can use the card at more than 92 million merchant locations around the world.

Anthony Trenchev, co-founder of Nexo, said:

The launch of the Nexo Payment Card in Europe in partnership with Mastercard and DiPocket is a milestone for us and the latest evidence of the great collaboration between the existing financial network and digital assets.

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He added:

This unique product will allow millions of people, first in Europe and then around the world, to spend instantly without having to give up the potential of their cryptocurrencies, thus providing unprecedented daily benefit to the emerging asset class.

The new card will not charge any monthly fees, minimum payment or inactivity fees, no foreign transaction (FX) fees, while offering 2% cashback on every transaction initiated, this cashback will be paid in bitcoin or the platform’s native currency.” Nexo”.

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