Nexo and Mastercard launch "world's first (companies claim) cryptocurrency-enabled card"

Nexo and Mastercard launch "world's first (companies claim) cryptocurrency-enabled card"
Photo by Ron McClenny / Unsplash

Cryptocurrency lender Nexo said it has teamed up with global payments company Mastercard to launch a cryptocurrency credit card. The card will initially be available in several European countries.

The new credit card allows users to spend their digital assets to buy goods. The tokens are provided by Nexo as collateral to secure the credit provided.