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Nexo Launches a Crypto-Powered Debit and Credit Mastercard for the EEA

In partnership with Mastercard, Nexo launched the world's first "Dual Mode Crypto Card," offering debit and credit functionalities for European Economic Area (EEA) citizens on August 31. The Nexo "Dual Mode Crypto" Card offers users the ability to optimize tax responsibilities by utilizing Credit Mode, which avoids taxable events upon spending. Initially introduced in April 2022 as the world's first crypto-backed credit card in the European Economic Area (EEA), the card has now evolved to integrate debit mode functionality. Exclusively available for 30 countries under EEA, the Nexo card carries no monthly or inactivity fees, no foreign exchange fees up to €20,000 per month.

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