Key Facts
—The product. A Mastercard that switches between spending crypto directly and borrowing against it, without selling the position.
—The claim. Nexo describes it as the world’s first crypto card with both modes. Crypto-backed credit cards already existed in Argentina before it.
—The terms. Borrowing advertised from 1.9 percent a year, up to 13 percent annual interest on idle balances, no monthly or annual fee.
—The market. Argentina moved roughly $93.9bn in digital-asset transactions between July 2022 and June 2025, second in Latin America to Brazil.
