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Nexo and Mastercard launch 'world first' crypto-backed payment cardMastercard and Nexo Launch World's First Crypto-Backed Payment Card crypto cashback, paid out in Bitcoin or in Nexo's native NEXO Token. The end result is. The Nexo Card bills itself as the world's first �crypto-backed� payment card. Although a real Nexo Card is available, a virtual card could. "The card requires no minimum repayments, monthly, or inactivity fees. There are no FX fees for up to 20, euros per month," Nexo said.