{"id":212623,"date":"2022-01-22T04:00:57","date_gmt":"2022-01-22T04:00:57","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=212623"},"modified":"2022-01-21T17:41:18","modified_gmt":"2022-01-21T17:41:18","slug":"ftx-nexo-to-launch-crypto-debit-cards","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ftx-nexo-to-launch-crypto-debit-cards\/","title":{"rendered":"FTX, Nexo to launch crypto debit cards"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Debit cards are becoming increasingly popular among crypto users. Leading the pack, Coinbase and Crypto.com cards, among others, are already in the market. As <\/span><a href=\"https:\/\/card.ftx.com\/\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> today on, American crypto derivatives exchange <\/span><a href=\"https:\/\/cryptoslate.com\/companies\/ftx\/\"><span style=\"font-weight: 400;\">FTX<\/span><\/a><span style=\"font-weight: 400;\"> is next in line launching a <\/span><a href=\"https:\/\/cryptoslate.com\/companies\/visa\/\"><span style=\"font-weight: 400;\">Visa<\/span><\/a><span style=\"font-weight: 400;\"> card to its customers. FTX users are now allowed to sign up for the card by joining a waiting list.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To begin with, The FTX card will be available to U.S. citizens with a valid social security number only. The announcement does not disclose when the cards will be shipped to FTX customers.<\/span><\/p>\n<h2>Keep crypto as crypto<\/h2>\n<p><span style=\"font-weight: 400;\">According to FTX\u2019s website the Visa card will allow users to use their crypto held within their FTX account to be automatically exchanged the exact amount at the point of sale, allowing users to keep \u201ccrypto as crypto\u201d. FTX will also \u201cprotect all user funds. The FTX Visa Card will come at no cost and FTX will not charge any administrative or processing fees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Visa has previously approved crypto-backed payment solutions for several crypto companies including Binance, Bakkt, BlockFi, CryptoSpend, and Ledger.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While FTX now allows its users to join a waiting list, European crypto exchange and custodial service <\/span><a href=\"https:\/\/cryptoslate.com\/companies\/nexo\/\"><span style=\"font-weight: 400;\">Nexo<\/span><\/a><span style=\"font-weight: 400;\"> launched their long-promised debit <\/span><a href=\"https:\/\/nexo.io\/nexo-card\"><span style=\"font-weight: 400;\">card<\/span><\/a><span style=\"font-weight: 400;\"> on January 19th. Nexo is partnering with <\/span><a href=\"https:\/\/cryptoslate.com\/companies\/mastercard-blockchain\/\"><span style=\"font-weight: 400;\">MasterCard<\/span><\/a><span style=\"font-weight: 400;\"> as the payment provider.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Cashback in bitcoin or NEXO<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The payment amount is deducted from the user's available balance of the Nexo Account, and users can get up to two percent cashback on all purchases. Cashback can be paid in bitcoin <\/span><a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\"><span style=\"font-weight: 400;\">BTC<\/span><\/a><span style=\"font-weight: 400;\"> (0.5 percent) or in the native <\/span><a href=\"https:\/\/cryptoslate.com\/coins\/nexo\/\"><span style=\"font-weight: 400;\">NEXO<\/span><\/a><span style=\"font-weight: 400;\"> token (2 percent). The options may be toggled between the two before making a transaction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, Nexo will not charge for foreign transactions for up to \u20ac20,000 and users get up to \u20ac10,000 in ATM withdrawals per month. The Nexo card may be connected to Apple Pay and Google Pay, and users may create free virtual cards for safe online purchases.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Nexo card is available worldwide except for users in Bulgaria, The Central African Republic, Cuba, Estonia, Iran, New York State, North Korea and Syria.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debit cards are becoming increasingly popular among crypto users. Leading the pack, Coinbase and Crypto.com cards, among others, are already in the market. As announced today on, American crypto derivatives exchange FTX is next in line launching a Visa card to its customers. FTX users are now allowed to sign up for the card by [&hellip;]<\/p>\n","protected":false},"author":962,"featured_media":212635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,60208],"tags":[76833,75837,77293,76700],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTX, Nexo to launch crypto debit cards<\/title>\n<meta name=\"description\" content=\"American crypto derivatives exchange FTX and European crypto exchange Nexo are launching crypto debit cards to customers in selected regions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ftx-nexo-to-launch-crypto-debit-cards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX, Nexo to launch crypto debit cards\" \/>\n<meta property=\"og:description\" content=\"American crypto derivatives exchange FTX and European crypto exchange Nexo are launching crypto debit cards to customers in selected regions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ftx-nexo-to-launch-crypto-debit-cards\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-22T04:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-21T17:41:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/01\/crypto-debitcard-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laszlo Dobos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laszlo Dobos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ftx-nexo-to-launch-crypto-debit-cards\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ftx-nexo-to-launch-crypto-debit-cards\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/laszlo-dobos\/#person\",\"name\":\"Laszlo Dobos\",\"url\":\"https:\/\/cryptoslate.com\/author\/laszlo-dobos\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/laszlo-dobos\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/laszlo-dobos\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/12\/lars-dobos-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/12\/lars-dobos-author-300x300.jpg\",\"caption\":\"Laszlo Dobos\"},\"jobTitle\":\"Reporter\",\"description\":\"Educated in computer engineering, Laszlo began developing an interest for crypto and blockchain technology back in 2013. 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