Nexo and MasterCard launch 'world first' crypto-backed payment card(reuters.com)

Nexo and MasterCard launch 'world first' crypto-backed payment card

https://www.reuters.com/technology/nexo-mastercard-launch-world-first-crypto-backed-payment-card-2022-04-13/

1 comments

Trastervor 4 Jahren

Can someone explain the use case of this? How does this differ from holding your crypto in some wallet and having a Mastercard credit card?

I understand someone might want to borrow against their crypto holdings, but this seems like an odd way of doing it.