According to CryptoPotato, leading cryptocurrency platform Nexo has partnered with payment processing giant Mastercard to launch the first dual-mode crypto card, enabling users to seamlessly process credit and debit transactions. Nexo customers can use the debit mode for daily transactions and switch to the credit mode for large purchases at more than 100 million merchants around the world that accept Mastercard. The new crypto card enables Nexo users to adjust their spending to their preferences while accumulating up to 9% annual interest on their holdings, paid daily. The new card will use the existing payment infrastructure provided by Mastercard and DiPocket. Users of dual-mode cards can enjoy benefits such as spending in local currency, switching modes on the Nexo app, spending available euro, dollar and pound stablecoin balances, free withdrawals of up to 10,000 euros ($10,800) per month, and up to 9% annual interest on balances.