Nexo has been working to put technical financial facilities into the realm of digital assets since 2018.
Nexo espouses how it empowers thousands of individuals to harness the value behind their crypto assets, shaping a modern, better financial structure, by combining the team’s 13 years of expertise in FinTech coupled with the strength of blockchain technology.
The Nexo Debit Card
Nexo is planning on launching a debit card to compete with the likes of Crypto.com and Wirex.
It promises to pioneer the world’s first card that enables holders to spend the value of their assets without selling them.
For convenience and ease of use for lent money, the Nexo Card is open to all sorts of customers.
The card will be directly connected to user credit balance which will allow every user to spend funds on transactions without any financial institution needing to borrow funds.
Users can request and reserve the Nexo Card on the Nexo Smartphone App, allowing instant access to Nexo’s services worldwide.
An Introduction to Nexo
In the decentralized finance space, Nexo is one of the world’s largest and most valued financing organization and has now handled more than $3 billion in 200+ jurisdictions for 800,000+ clients.
Nexo.io is a blockchain project founded by Creddisimo, a reputable, long-standing, and significant FinTech business. It provides a credit program that enables the cryptocurrencies to be used as leverage.
Nexo owners may acquire fiat currency while retaining their digital asset possession. It operates by making creditors, in return for fiat currency, lock up their cryptocurrencies.
Fhe fiat currency may be sent to users, such as an ACH transfer to your bank account, or attached to one a debit card. This ensures that the loan taken out will conveniently and quickly be repaid using cryptocurrencies or fiat currency.
Check out our Top 5 Crypto Debit Cards comparison to see how the Nexo debit card stacks up against the best crypto cards in the industry.
