Crypto lender Nexo has teamed up with global payments company Mastercard to launch what it calls the world’s first crypto-backed payment card. The card is available in selected European countries initially. It allows users to spend without having to sell their digital assets such as Bitcoin, which are used as collateral to back the credit granted. Most traditional credit cards are unsecured and have a set credit limit. The card is linked to a Nexo-provided crypto-backed credit line and can be used at 92 million merchants worldwide where Mastercard is accepted allowing investors to spend up to 90% of the flat value of their crypto assets, Nexo said. Read More…