Nexo, a digital assets wealth platform, has launched the Nexo Card in Argentina alongside the appointment of Andres Ondarra as General Manager for Nexo Argentina. The company said the two developments mark the next phase of its expansion in a market with high levels of digital asset adoption. The Nexo Card allows users to spend digital assets in debit mode or borrow against them as collateral in credit mode without selling their holdings, with the option to switch between the two modes through a single interface. New users are eligible for 10% cashback on their first purchase, along with additional cashback and milestone rewards worth up to $450 during their first three months.
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