Nexo Launches Crypto Card in Argentina With Spend and Borrow Features

• Nexo Card lets Argentine users spend crypto or borrow without selling their digital assets.
• New users can access cashback rewards and earn interest on idle in-app balances.
• Nexo expands Latin America strategy with Argentina leadership and regional growth plans.

Nexo has launched its crypto card in Argentina, allowing eligible users to spend digital assets or borrow against their holdings without selling them. The launch expands Nexo’s Latin America presence as the company targets growing demand for crypto-based financial services.

Nexo Card Enables Crypto Spending and Borrowing

The Nexo Card introduces a dual-mode system that combines spending and borrowing features within one platform. Users can choose debit mode to spend their crypto balances directly or switch to credit mode to access loans backed by their digital assets.

The credit option allows users to maintain exposure to their holdings while accessing liquidity. Meanwhile, the debit feature enables payments using supported digital assets without requiring manual conversions.

Additionally, Nexo said users can switch between both modes through a single interface. The card supports purchases in Argentine pesos and U.S. dollars, helping connect crypto balances with everyday financial activity.

The company also provides cashback rewards on eligible purchases and interest opportunities on unused balances held within the Nexo app. 

Nexo said new clients in Argentina can receive 10% cashback on the first card transaction, alongside additional cashback and milestone rewards of up to $450 during the first three months. 

Users can also earn up to 13% annual interest on idle in-app balances, paid daily, giving crypto holders more ways to generate value from their assets. 

Nexo stated that Argentina represents a key growth market for its regional expansion strategy. The company identified Buenos Aires as its Latin America hub, supporting future partnerships and operations across the region.

The launch follows increasing interest in crypto payment solutions across countries where digital assets are often used for savings, payments, and access to dollar-linked assets.

Nexo Strengthens Argentina Presence With Local Leadership

Alongside the card rollout, Nexo appointed Andres Ondarra as General Manager of Nexo Argentina. He will oversee the company’s local operations starting August 1, according to the announcement.

Ondarra brings more than 25 years of experience across traditional finance, fintech, and cryptocurrency sectors. Nexo said his focus will include improving customer engagement and building trust among local users.

Argentina has become an important market for crypto companies due to widespread digital asset adoption. High inflation and currency challenges have encouraged many users to explore alternative financial tools.

Nexo’s card launch reflects a broader industry trend toward integrating crypto with everyday financial services. Companies are increasingly developing products that combine payments, lending, and asset management features.

However, the success of crypto cards will depend on user adoption, regulatory developments, and market demand. Nexo’s expansion in Argentina signals continued competition among crypto firms seeking stronger positions in Latin America.

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