Nexo Unveils Crypto-Powered Card for EEA Citizens 💳

Bulgarian lending platform #Nexo has launched a crypto-powered #Mastercard for European Economic Area (EEA) citizens.

The Nexo Card lets users spend stablecoins via debit at global terminals and offers up to 9% annual interest. Credit transactions use cryptocurrencies as collateral, with 2% cash back and 16% interest.

Debit and credit purchases are instantly converted to fiat. The card has no monthly fees, offers #fee-free foreign exchange up to €20,000 per month, and allows €10,800 monthly ATM withdrawals.

EEA citizens get virtual and physical cards after KYC checks, usable with Apple Pay and Google Pay.

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