Bulgarian decentralized lending platform Nexo has unveiled a crypto-powered debit and credit Mastercard (NYSE:MA) for citizens of the European Economic Area (EEA).
According to the Aug. 31 announcement, the Nexo Card will allow users to spend their euro, U.S. dollar, and British pound stablecoins via debit transactions at over 100 million merchant terminals worldwide. Up to 9% in annual interest will reportedly be paid to stored balances.