New Debit Card Launched by Ripple Backed Nexo, Let’s Users Use Crypto Without Spending I…

Innovation in the crypto industry is synonymous with daily routine, as newer and unique ideas pop-up every day. However, some stand out due to their scope of usability, which makes them successful, at least at the beginning.

One such development seems to be popping out of Ripple’s stable, where XRP backed crypto start-up Nexo has launched a debit card which allows users to make payments via cryptocurrencies, without actually spending it. The MasterCard powered debit card helps users get real-time crypto loans by putting the tokens as collaterals. The concept is both unique and looks extremely usable at face.

Crypto debit cards have significantly grown in popularity in the last few months, as they help users to actually make use of their assets, which generally remain more rigid than liquid. Unlike Nexo’s card, other crypto debit cards convert crypto to fiat on a real time basis for making payments at merchant stores. On the other hand, Nexo takes the game a step ahead and…