Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » News » Mastercard Partners with Nexo for Simplified Cryptocurrency Transactions

Mastercard Partners with Nexo for Simplified Cryptocurrency Transactions

by

Users can have seamless toggle between debit and credit functions thanks to the new Dual Mode.

Mastercard Partners with Nexo for Simplified Cryptocurrency Transactions

Share this article

Nexo, a digital assets industry, has rolled out the Dual Mode functionality on its signature Nexo Card in order to simplify cryptocurrency transactions.

Since partnering with Mastercard and DiPocket in 2022, Nexo has been at the forefront of transforming daily crypto transactions. This recent development is tailored to mitigate the challenges cryptocurrency users often face, enhancing their transactional flexibility.

The introduction of the Dual Mode feature allows users to switch between debit and credit modes easily using the Nexo app. This feature not only provides spending adaptability but also reinforces the integration of digital currency into traditional financial operations:

“Spend your available EUR, USD, and GBP balance or withdraw up to €10,000 in cash each month.”

Furthermore, the Nexo Card is accepted by over 100 million merchants worldwide, enabling users to transact without incurring excessive foreign transaction fees. Another distinctive advantage of the card is its ability to offer up to 9% annual interest on balances, positioning it as a noteworthy financial tool.

With an emphasis on security, Nexo has equipped the card with an advanced fraud detection system and offers continuous support to ensure reliability.

Antoni Trenchev, co-founder and managing partner at Nexo, stated, “By bringing the pioneering Nexo Card with the Dual Mode capability to market, Nexo has further strengthened its position as a leading innovator in the crypto space:”

“The launch underscores our commitment to proactively meet the evolving needs of our global customer base by introducing a novelty that resets the standards for what customers can expect from their financial service providers.”

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.