- With the Nexo Card, users are able to switch between the Debit and Credit modes of their cryptocurrency card.
- A remarkable increase of 200% in the number of first-time users of the Nexo Card from the previous year has been achieved.
Nexo, the leading digital assets wealth platform, was recognized at the prestigious INATBA Awards with the award for Most Exciting Payments Solution of 2025. This award was given in recognition of the Nexo Card’s impact on the future of cryptocurrency payments and record-breaking adoption, which was demonstrated by a 96% increase in the number of active Nexo Card users.
The International Association for Trusted Blockchain Applications (INATBA) is a global organization that was established with the assistance of the European Commission. Its primary objective is to facilitate the adoption and development of blockchain technology by bringing together industry leaders, policymakers, and regulators. INATBA is working to establish a framework for blockchain innovation that is trustworthy and transparent to scrutiny by encouraging collaboration between public and private stakeholders.
Exceptional global solutions that leverage the revolutionary potential of blockchain and distributed ledger technology to promote good impact across a variety of sectors are recognized and celebrated via the INATBA Awards.
With the Nexo Card, which was introduced in collaboration with Mastercard, users are able to switch between the Debit and Credit modes of their cryptocurrency card with just a single tap. This makes it the first dual-mode crypto card ever created. In the Debit Mode, users are able to spend their cryptocurrency assets while simultaneously earning an annual interest rate of up to 14% on their balance. In Credit Mode, the card allows users to make purchases without having to sell their cryptocurrency holdings, and it provides up to 2% cryptocurrency cashback on purchases.
The Nexo Card’s triumph at the INATBA Awards comes on the tail of:
- A remarkable increase of 200% in the number of first-time users of the Nexo Card from the previous year.
- Between November 2023 and November 2024, there was a 96% increase in the number of transactions.
- A increase of 103% in the amount of transactions made in debit mode, demonstrating that the card is a favored instrument for daily purchasing.
Elitsa Taskova, CPO of Nexo stated:
“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.”
It is the dedication of Nexo to innovation and accessibility that has been the driving force behind this growth, with the upcoming global expansion of the Nexo Card playing a significant role. This growth is only being further fueled by efforts like as expanding regional coverage, improving crypto-to-fiat conversion, and gaining spending insights powered by artificial intelligence.
Since the year 2023, Nexo has been a proud member of the International Association for Trusted Blockchain Applications (INATBA), and the company continues to capitalize on this collaboration in order to contribute to creating the future of blockchain-powered financial services. Its position at the forefront of cryptocurrency payments is further strengthened by this recognition.
