Nexo Unveils Crypto Card in Argentina, Fueling Latin America Expansion

Nexo has launched its crypto card in Argentina, marking a significant step in its expansion into Latin America. The card allows eligible users to spend their digital assets or borrow against them without selling their holdings.

The dual-mode card supports debit mode for direct spending and credit mode for borrowing against crypto collateral without selling holdings. Users can switch between both modes inside one interface, making it easy to manage their finances.

Nexo's General Manager for Argentina, Andres Ondarra, stated that Argentine clients have been using digital assets as part of their wealth management strategy for over a decade. The card lets users spend, borrow, and earn without having to sell their assets.