The Nexo Card Named Most Exciting Payments Solution of 2025 at INATBA Awards
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.