According to ChainCatcher, crypto lending platform Nexo has launched a "dual mode" Mastercard that combines debit and credit cards. It is now open to the public and can be used by citizens and residents of the European Economic Area (EEA).

Nexo claims that the card can solve the problem of users needing to convert digital assets into legal currency before spending. Nexo debit card users receive 9% interest, including the cryptocurrencies they hold.