Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard (NYSE:MA) card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto.
Nexo has partnered with Mastercard and the peer-to-peer payment startup DiPocket to launch the Nexo Card, a crypto card allowing cardholders to use their crypto as collateral rather than selling it, the firm announced to Cointelegraph on Wednesday.