Nexo has introduced a new Mastercard in Argentina that functions as both a debit and credit instrument for cryptocurrency holders.
The card enables users to spend their digital assets directly without converting them to fiat currency, or alternatively, to borrow against their holdings to make purchases.
This dual functionality aims to provide greater liquidity and utility for crypto investors in a market with high adoption rates but significant regulatory scrutiny.
The launch coincides with a tightening of the regulatory environment in Argentina.
Since May, the country has required the reporting of all cryptocurrency movements to tax authorities.
This shift marks a move toward greater transparency and oversight in the digital asset sector, contrasting with the earlier era of relative anonymity that characterized much of the region's crypto activity.