Nexo launches a debit card that lets you not spend your crypto

Nexo has partnered with an unnamed credit card provider to launch a crypto card with a line of credit backed by the user’s crypto holdings, which offers a way for users to “spend the value of their crypto without actually spending it,” said the companies. CoinDesk reports that, unlike other crypto credit cards that convert cryptocurrencies to fiat for every transaction, Nexo collateralizes users’ crypto and supplies them with a fiat loan.

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