Nexo launched world’s 1st crypto-backed payment card “Nexo Card”

Highlights:

• London-based Cryptocurrency lender, Nexo has joined hands with global payments company Mastercard to launch the world’s first “crypto-backed” payment card. Electronic money firm DiPocket is Nexo’s card issuer. 
• The card requires no minimum repayments, monthly, or inactivity fees.
• There are no FX fees for up to 20,000 euros per month. Interest remains at 0% for customers who maintain a loan-to-value ratio of 20% or below.
• This move by crypto and incumbent financial networks forces digital assets to become more mainstream. Initially, 
• The card will be available in selected European countries. 
• There are no restrictions on how much a customer can spend or withdraw from the open credit line and interest is only paid on the amount of credit actually used.
• It is noted that Mastercard Founded on 16 December 1966, United States;
• It's Headquarters located at New York, United States;