Vilnius, Lithuania, January 30th, 2025,
Chainwire
Nexo, the leading digital assets wealth platform, has
been awarded the Most Exciting Payments Solution of
2025 at the prestigious INATBA Awards, recognizing the
Nexo Card’s impact on the future of crypto payments and
record-breaking adoption showcased by a 96% increase in active Nexo
Card users.
The International Association for Trusted Blockchain
Applications (INATBA) is a global organization launched with
the support of the European Commission that brings together
industry leaders, policymakers, and regulators to drive the
adoption and development of blockchain technology. By fostering
collaboration between public and private stakeholders, INATBA works
to create a trusted and transparent framework for blockchain
innovation. The INATBA Awards honor and celebrate exceptional
global solutions that harness the transformative power of
blockchain and distributed ledger technologies to drive positive
impact across diverse industries.
The Nexo Card, launched in partnership
with Mastercard, is the first-ever dual-mode crypto card, allowing
users to seamlessly switch between Debit and Credit modes with a
single tap. In Debit Mode, users can spend their crypto assets
while earning up to 14% annual interest on their balance. In Credit
Mode, the card enables spending without selling crypto holdings,
offering up to 2% crypto cashback on purchases.
The Nexo Card’s triumph at the INATBA Awards comes on the tail
of:
- А remarkable 200% rise in first-time Nexo Card
users year-on-year.
- А 96% surge in transactions between November
2023 and November 2024.
- And 103% growth in Debit Mode volume,
showcasing the card’s a preferred everyday spending tool.
“We are honored by INATBA’s recognition. The Nexo Card
exemplifies our commitment to bridging the sophistication of
private banking with the innovation of crypto finance. This is just
one of many advancements redefining digital asset payments, and we
are continuously pushing the boundaries of what’s possible,” said
Elitsa Taskova, CPO of Nexo.
Nexo’s dedication to innovation and accessibility has fueled
this growth, with the forthcoming global Nexo Card expansion playing a key role. This
expansion is only further fuelled by initiatives including broader
geographic coverage, enhanced crypto-to-fiat conversion, and
AI-driven spending insights.
Nexo has been a proud member of INATBA since 2023 and continues
to leverage this partnership to contribute to shaping the future of
blockchain-powered financial services. This recognition further
solidifies its position at the forefront of crypto payments.
About Nexo
Nexo is a premier digital assets wealth platform designed to
empower clients to grow, manage, and preserve their crypto
holdings. Our mission is to lead the next generation of wealth
creation by focusing on customer success and delivering tailored
solutions that build enduring value.
Since 2018, Nexo has provided unmatched opportunities to
forward-thinking clients in over 150 jurisdictions. With over $11
billion in AUM and $320 billion processed, we bring lasting value
to millions worldwide. Our all-in-one platform combines advanced
technology with a client-first approach, offering high-yield
flexible and fixed-term savings, crypto-backed loans, sophisticated
trading tools, and liquidity solutions, including the first crypto
debit/credit card.
Contact
Nexo Communications
Team
pr@nexo.com