Nexo and Mastercard launch ‘world first’ crypto-backed payment card

Credit card is seen in front of displayed Master Card logo in this illustration taken, July 15, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterLONDON, April 13 (Reuters) – Crypto lender Nexo said it has teamed up with global payments company Mastercard (MA.N) to launch on Wednesday what it calls the world’s first “crypto-backed” payment card.It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream.Nexo said the card, available in selected European countries initially, allows users to spend without having to sell their …
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