Nexo Unveils Crypto-Powered Card for EEA Citizens đł
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 âŹ20,000 per month, and allows âŹ10,800 monthly ATM withdrawals.
EEA citizens get virtual and physical cards after KYC checks, usable with Apple Pay and Google Pay.