Nexo, a digital assets wealth platform, has been proclaimed the Most Exciting Payments Solution of 2025 at the International Association for Trusted Blockchain Applications (INATBA) Awards, according to the reports shared with Finbold on Thursday, January 30.
An INATBA member since 2023, Nexo promises to remain deeply involved in shaping the future of digital finance.
INATBA awards
INATBA is a global organization that promotes collaboration and innovation in the crypto industry by bringing together policymakers, regulators, and industry leaders.
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During its annual award ceremonies, INATBA celebrates the most innovative blockchain and distributed ledger solutions with applications both inside and outside the industry.
This year, the Most Exciting Payments Solution award highlighted the impact of the Nexo Card and the growth of the platform, which recently saw a 96% increase in the number of active users.
Elitsa Taskova, Chief Product Officer (CPO) at Nexo, expressed gratitude for the award, hinting at additional innovations on the horizon:
“We are honored by INATBA’s recognition. The Nexo Card exemplifies our commitment to bridging the sophistication of private banking with the innovation of crypto finance. This is just one of many advancements redefining digital asset payments, and we are continuously pushing the boundaries of what’s possible.”
The Nexo Card
Launched in partnership with Mastercard, the Nexo Card is a first-of-its-kind card that allows users to switch between debit and credit modes.
In the debit mode, cardholders can spend their crypto and earn up to 14% annual interest on their balance.
Conversely, in the credit mode, they can make purchases without selling their cryptocurrency holdings and receive crypto cashback of up to 2%.
The Nexo Card has seen notable growth in recent history, most notably a 200% year-over-year increase in first-time users, a 96% increase in the number of transactions between November 2023 and November 2024, and a 103% surge in debit mode volume.
The company’s future plans for the card and the platform as a whole include more extensive geographic coverage, additional crypto-to-fiat conversion features, and spending insights powered by artificial intelligence (AI).
