Exclusive: Nexo expands card to Switzerland, Andorra

Nexo said on Feb. 11 it has expanded its Nexo Card to new European markets as part of its 2025 Growth Plan.

The two countries are Switzerland and Andorra and comes as demand for digital payment solutions continues to grow across Europe, crypto.news can exclusively report.

The Nexo Card combines debit and credit functionalities, has achieved a 62% adoption rate among eligible users within the European Economic Area. The card allows users to leverage stablecoins as a hedge against inflation.

Through its dual-mode card and industry-first personal USD, GBP, and EUR accounts, Nexo hopes to expand its position as a leader in digital payments innovation.

A globally recognized payments solution

The Nexo Card, which combines debit and credit functionalities, has achieved a 62% adoption rate among eligible users within the European Economic Area. The card allows users to leverage stablecoins as a hedge against inflation, protecting over $1.3 billion in Bitcoin (BTC) and Ethereum (ETH) from market volatility while generating nearly $6 million in cashback rewards.

The Nexo Card has earned multiple industry awards, including Most Exciting Payments Solution of 2025 at the INATBA Awards. The card was also recognized as the Consumer Payments Innovation Award winner at the FinTech Breakthrough Awards in 2024.

As part of its 2025 Growth Plan, Nexo hopes to make the Nexo Card accessible worldwide by the end of the year. Upcoming features that will be marketed to users include cashback rewards for debit usage, subscription rebates, and exclusive brand campaigns to strengthen its presence in luxury markets.