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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16758938" data-attributes="member: 137766"><p>Interesting, at first blush, I think I like it. I can see a few ways that 0% rate could be used, depending on limits/restrictions.</p><p></p><h3><a href="https://seekingalpha.com/news/3823021-mastercard-partners-with-nexo-to-launch-cryptocurrency-card-in-europe?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Mastercard partners with Nexo to launch cryptocurrency card in Europe</a></h3><p><a href="https://seekingalpha.com/symbol/MA?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">MA -0.45%</a>Apr. 13, 2022 8:25 AM ET</p><ul> <li data-xf-list-type="ul">Mastercard (NYSE:<a href="https://seekingalpha.com/symbol/MA" target="_blank">MA</a>) on Wednesday has <a href="https://seekingalpha.com/pr/18747909-nexo-launches-first-card-backed-crypto-credit-line-mastercard-and-dipocket" target="_blank">teamed up</a> with Nexo, a digital asset institution, and DiPocket, a payment solutions provider, to roll out a cryptocurrency card in certain European markets.</li> <li data-xf-list-type="ul">The so-called Nexo Card, which allows users to spend without selling their cryptos, will be accepted by 92M merchants worldwide where Mastercard (MA) is welcomed.</li> <li data-xf-list-type="ul">Nexo Card offers a variety of features such as "Your Crypto Stays," meaning the card is linked to a crypto-backed credit line that maintains a 0% annual percentage rate, which allows cardholders to use their cryptos as collateral rather than selling them. Other features include zero fees, 2% crypto rewards and seamless access.</li> <li data-xf-list-type="ul">Note that Nexo's zero-cost credit is available to clients who maintain a loan-to-value ratio of up to 20%.</li> <li data-xf-list-type="ul">In Nov. 2021, Mastercard partnered with digital asset service providers to launch crypto-linked payment cards in the <a href="https://seekingalpha.com/news/3767107-mastercard-partners-with-crypto-firms-to-launch-crypto-linked-payment-cards-in-asia-pacific" target="_blank">Asia Pacific</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16758938, member: 137766"] Interesting, at first blush, I think I like it. I can see a few ways that 0% rate could be used, depending on limits/restrictions. [HEADING=2][URL='https://seekingalpha.com/news/3823021-mastercard-partners-with-nexo-to-launch-cryptocurrency-card-in-europe?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Mastercard partners with Nexo to launch cryptocurrency card in Europe[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/MA?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']MA -0.45%[/URL]Apr. 13, 2022 8:25 AM ET [LIST] [*]Mastercard (NYSE:[URL='https://seekingalpha.com/symbol/MA']MA[/URL]) on Wednesday has [URL='https://seekingalpha.com/pr/18747909-nexo-launches-first-card-backed-crypto-credit-line-mastercard-and-dipocket']teamed up[/URL] with Nexo, a digital asset institution, and DiPocket, a payment solutions provider, to roll out a cryptocurrency card in certain European markets. [*]The so-called Nexo Card, which allows users to spend without selling their cryptos, will be accepted by 92M merchants worldwide where Mastercard (MA) is welcomed. [*]Nexo Card offers a variety of features such as "Your Crypto Stays," meaning the card is linked to a crypto-backed credit line that maintains a 0% annual percentage rate, which allows cardholders to use their cryptos as collateral rather than selling them. Other features include zero fees, 2% crypto rewards and seamless access. [*]Note that Nexo's zero-cost credit is available to clients who maintain a loan-to-value ratio of up to 20%. [*]In Nov. 2021, Mastercard partnered with digital asset service providers to launch crypto-linked payment cards in the [URL='https://seekingalpha.com/news/3767107-mastercard-partners-with-crypto-firms-to-launch-crypto-linked-payment-cards-in-asia-pacific']Asia Pacific[/URL]. [/LIST] [/QUOTE]
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