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.
