1.NEXO Launched Crypto Credit Card supported by MasterCard
2.South Korea’s Shinhan Bank is Developing a Blockchain Stock Lending System
1.NEXO Launched Crypto Credit Card supported by MasterCard
Crypto credit lines provider Nexo has launched a Credit card which is supported by payment service provider Mastercard . The credit card is called Nexo Card according to its Website.
Nexo claims That it is the first credit card that enables users to spend crypto value without spending it. The card does not consider any monthly, annual or transaction fee.
According to Its official Websites Speaking of the loan “The Loan limit is based on the market value of the crypto assets in your Nexo Account. Additional credit is automatically and instantly available on the card upon appreciation of your crypto’s value”
At the current moment Nexo’s instant credit lines includes host of crypto tokens and coins to be eligible for, which includes major ones as Bitcoin, Ethereum, Nexo, Ripple, Binance Coin and Litecoin and many more.
This credit card is just like other crypto cards which allow you to spend crypto , this while allow you to spend the value while your crypto asset are hold by card provider.
Features of Nexo Card
- Free Nexo Card with a Flexible Loan Limit
- Multiple Repayment Options
- Additional Virtual Nexo Card
- Payments in Local Currencies
- No Monthly/Annual Fees
- No Hidden Fees
- No Minimum Monthly Repayment
Security
- State-of-the-Art Technology
- Card and Account Encryption
- 24/7 Fraud Monitoring
- 24/7 Live Assistance
Technology
- Mobile App
- Send/Receive Money Worldwide
- Spending Analytics
- Budgeting Tools
- Enable/Disable Card Remotely
2.South Korea’s Shinhan Bank is Developing a Blockchain Stock Lending System
Shinhan Bank , a South Korean financier organization, is developing a peer-to-peer blockchain-based platform for stock lending services. The Economic News and other local Korean media reported the news.
According to News Shinhan Investment Co., Ltd. has built up a service and redesigned its services after signing a stock loan service agreement between Fintech Corporation Direction and Private Investor, which was designated as an Innovative Financial Services Sandbox on May 28th.
Shinhan Financial Investment is the arm of the country’s oldest bank, Shinhan Bank. The second-largest bank by asset in the country is also investing heavily on blockchain technology . Personal stock lending is part of a broader development of innovative financial services that are currently being pursued by the company.
