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Nexo, a Bulgaria-based decentralized lending platform, has unveiled a Mastercard offering both debit and credit functionalities exclusively for European Economic Area (EEA) residents. This marks a significant step in financial innovation, aiming to provide a seamless experience for managing digital assets.
Nexo has introduced a new “Dual Mode” feature on its cryptocurrency Mastercard, allowing users to switch between debit and credit functions to optimize cryptocurrency spending.
Nexo, the Bulgarian decentralized lending platform, has introduced an innovative crypto-powered Mastercard, merging both debit and credit card capabilities.
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The card is only available to citizens of the 30-country European Economic Area.
Crypto lender Nexo partnered with global payments company Mastercard to create the “world's first” dual-mode cryptocurrency card featuring credit and debit mode.
Nexo's new functionality is now available to Europeans, enabling users to instantly toggle between debit and credit modes.
Nexo users can tailor their spending to suit their preferences while accumulating up to 9% yearly interest on their holdings to be paid out daily.
Invezz understands that Revolut looks to have quietly blocked transactions to crypto lending platform Nexo – according to responses the UK-based neobank's customer support offered to one aggrieved account holder. Simply put, it appears the fintech platform no longer supports outbound transactions to Nexo.
In a surprising twist of fate, the native token of Near Protocol, NEAR, has defied the prevailing downtrend in the cryptocurrency market, experiencing an impressive 5% surge within the past 24 hours. This remarkable upswing comes as a breath of fresh air, set against the backdrop of a broader market grappling with a 0.7% dip.
Nexo, which claims to be among the world's leading institutions for digital assets, in a pivotal move, has joined a vanguard of firms entering the Association of Certified Sanctions Specialists (ACSS), “demonstrating a stalwart commitment to global regulatory compliance.
As the Web3 ecosystem faces increased regulatory scrutiny, cryptocurrency lending platform Nexo is taking proactive steps to enhance its compliance measures. The platform has decided to leverage training resources, connections, and data by becoming a member of the Association of Certified Sanctions Specialists (ACSS).
This targeted training will enable Nexo to refine its compliance team's understanding of OFAC and EU sanctions regimes, building a solid compliance program.
Nexo looks to keep pace with regulatory requirements by implementing new certification requirements for its compliance team.
Amid growing regulatory scrutiny over the cryptocurrency sector, a regulated cryptocurrency institution offering instant crypto loans, daily earnings, and a crypto exchange, Nexo (NEXO), has joined the Association of Certified Sanctions Specialists (ACSS) in a bid to show commitment to regulatory compliance.
In a significant move, Nexo, the world's top institution for digital assets, has joined the avant-garde of companies joining the Association of Certified Sanctions Specialists (ACSS), demonstrating a steadfast dedication to international regulatory compliance. Nexo wants to boost the team's competencies by utilising ACSS's vast databases, meticulous training materials, and extensive connections.
Troubled crypto trading platform Nexo is embroiled in a U.K. court battle over $12 million in missing assets.
Nexo is in court against its co-founder, Georgi Shulev, over a hardware crypto wallet full of assets worth $12 million that has gone missing.
Crypto trading platform Nexo and co-founder Georgi Shulev are engaged in a legal battle over the whereabouts of $12 million in missing assets, as revealed in a court document.
Nexo says its former managing partner left with a hardware wallet full of the company's crypto.
Nexo, a prominent digital assets institution, has achieved a significant milestone by successfully completing an independent Type 2 SOC 2 audit. This accomplishment underscores Nexo's dedication to maintaining robust client data security and delivering a secure experience for its rapidly expanding international clientele.
The fallout from the U.S. Securities and Exchange Commission (SEC) lawsuits against major cryptocurrency exchanges Binance and Coinbase is starting to play out in the market. The legal action sent shockwaves throughout the crypto market, affecting many tokens in the lawsuits as evidence that the exchanges have been trading crypto securities.
In a landscape as vibrant and volatile as the crypto market, today's top performers comprise of Mask Network (MASK), Render Token (RNDR), Ripple (XRP), Injective Protocol (INJ), Conflux (CFX), and Nexo (NEXO). On the flip side, we see a few heavyweights and a couple of upstarts grappling with the market's downward pull, including Lido (LDO), Axie Infinity (AXS), Optimism (OP), Sui (SUI), Arbitrum (ARB), Immutable X (IMX), and Chainlink (LINK).
Today's cryptocurrency market showcases SUI, Conflux (CFX), Toncoin (TON), Rocket Pool (RPL), and Kava (KAVA) as the top gainers, while PEPEcoin (PEPE), Klaytn (KLAY), Nexo (NEXO), eCash (ECASH), Maker (MKR), and Tron (TRX) have faced losses.
