Review on Nexo Card by Francisco Varela
Nexo Card
Backed by MasterCard, you can use the card online, at the store, or withdraw money from an ATM. Your credit limit will be based on the line of credit you have at Nexo.
The card comes with a complete mobile application, which allows you to freeze the card in case of loss or theft, control transactions and change your PIN. The Nexo card also offers a 5% refund every time you buy something. The refund is then added to your Nexo wallet once the transaction is settled.
The Nexo credit card does not include any account or inactivity charges, nor will it pay anything when making payments at the point of sale. In addition, the card offers free currency purchases, so it could be useful when traveling abroad.
Pros
- It is the first card in the world that allows users to spend the value of their cryptocurrency without, in fact, spending it.
- Provides a fully automated instant cryptocurrency line of credit service, allowing cryptocurrency owners to borrow against a basket of a variety of digital currencies such as Bitcoin (BTC), Ether (ETH), Ripple (XRP), Litecoin (LTC) and others.
- It allows users to earn interest in fiat currencies such as the United States dollar, the euro, the pound sterling, and stablecoins.
Cons
- It is not available worldwide.
