Nexo’s Revolutionary Payments Solution Wins Prestigious INATBA Award
Nexo, a leading digital assets wealth platform, has been recognized as the Most Exciting Payments Solution of 2025 at the prestigious International Association for Trusted Blockchain Applications (INATBA) Awards. This announcement was made public through reports shared with Finbold on Thursday, January 30.
Nexo’s Commitment to Digital Finance Innovation
As a dedicated member of INATBA since 2023, Nexo continues to actively contribute to the evolution of digital finance. The platform’s innovative solutions are at the forefront of bridging the gap between crypto and traditional finance.
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Recognition at the INATBA Awards
INATBA, a global organization fostering collaboration and advancement in the cryptocurrency sector, brings together policymakers, regulators, and industry leaders to drive innovation. During its annual awards ceremony, INATBA honors groundbreaking blockchain and distributed ledger technologies that have transformative applications both within and beyond the industry.
This year, the accolade for the Most Exciting Payments Solution was awarded to Nexo, acknowledging the profound impact of the Nexo Card and the platform’s significant growth, which has witnessed a remarkable 96% increase in active users.
Statements from Nexo Leadership
Elitsa Taskova, Nexo’s Chief Product Officer, expressed deep appreciation for the recognition, suggesting that more groundbreaking innovations are on the horizon:
“We are truly honored by INATBA’s acknowledgment. The Nexo Card is a testament to our dedication to merging the sophistication of private banking with the groundbreaking nature of crypto finance. This recognition is just one of the many strides we are making towards redefining digital asset payments, and we remain committed to pushing the boundaries of what’s possible.”
Exploring the Innovative Nexo Card
The Nexo Card, developed in collaboration with Mastercard, represents a pioneering advancement in the financial sector. This unique card empowers users to seamlessly switch between debit and credit modes, offering unparalleled flexibility.
In debit mode, cardholders can utilize their crypto holdings for everyday spending while earning up to a 14% annual interest on their balance. In credit mode, users are able to make purchases without liquidating their cryptocurrency assets, all while enjoying up to 2% crypto cashback.
Growth and Future Plans for the Nexo Card
The Nexo Card has experienced substantial growth, with a 200% year-over-year increase in first-time users. Additionally, there has been a 96% rise in transaction volume between November 2023 and November 2024, alongside a remarkable 103% surge in debit mode usage.
Looking ahead, Nexo aims to expand the card’s reach with broader geographic coverage, enhanced crypto-to-fiat conversion capabilities, and AI-powered spending insights. These developments are poised to further solidify Nexo’s position as a leader in the digital finance space.
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