Crypto News

Nexo are to create the world’s first crypto credit card, branded by Mastercard.

This will allow users to borrow against their crypt holdings without actually spending them.

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Nexo are to create the world’s first crypto credit card, branded by Mastercard.

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This will allow users to borrow against their crypt holdings without actually spending them. This is a novel concept as people will actually be spending fiat money, with their crypto holdings acting as collateral until they are ready to settle their loan.

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One wonders what happens if the value of the crypto currency guaranteeing the balance falls significantly?  Do they require partial settlement?   That is an interesting question that needs answering because one might be forced to sell their crypto into a downward market, only for it to recover afterwards.

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