The card will be initially available to a selected group of European countries and allow users to make purchases without selling their digital assets beforehand. For example, Bitcoin could be a guarantee for a given credit.
The credit line of digital assets will be provided by Nexo and connected with the card. It will be available to use in 92 million shops around the world, where Mastercard is accepted, allowing clients to spend up to 90% of the total value of digital assets they own.
The Nexo card will feature the following:
“Mastercard believes that digital assets are revolutionizing the financial landscape and we are leading in innovation with programs like our partnership with Nexo to deliver people new and one-of-a-kind choices in how they pay and activate their crypto holdings. We’re excited to continue to innovate in payments by making digital assets more accessible across the ecosystem.”
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Source: Cryptocurrency - investing.com
