Let’s talk about MasterCardbut this time with a guard around them crypto value. Touch Card, the contactless card we mentioned last time from the payment giant, was also available for non-buyers. It was the first time we were treated by cryptocurrencies when PayPal wanted to work on it. Today, we only have two things to make Mastercard officially step into the crypto world. Nexo. Let’s see the details.

A revolutionary project standing at the feet of Mastercard and Nexo: the first payment card to support cryptocurrencies as collateral

As announced by Nexo, a partnership has been formed today with global payments company Mastercard. It will be released as a result of this collaboration. The first payment card to support cryptocurrencies worldwide. In the first phase, secondary payment cards will only be valid in some European countries. In particular, only those who live in European Economic Area (SEE) can order a Nexo Card.

Mastercard provides payment infrastructure for secondary card usage. The owner of the letter has the right to: use cryptocurrency as collateral and spending up to 90% of the par value of cryptocurrencies, or a legal currency that derives its value from a physical benefit or value, thanks to the government granting its value. When the transaction volume with Nexo Card exceeds 20.000 € per month, no commission is taken from the beneficiary.

In addition, all transactions are subject to the title of the first letter. 2% cashback in Bitcoin or Nexo token (the base can be silver, gold or platinum). The last very interesting feature is that it refers to the payment method. Could be a Mastercard card Linked to Apple Pay and Google Pay and used by more than 92 million Mastercard-enabled devices worldwide.

via | Reuters, Criptovaluta.it, Binance