/biz/ - Business & Finance

[Anonymous No.15153729]

5% cashback
+ 8% interest paid weakly
+ Spotify and Netflix paid
+10% on Expedia and airbnb


How the fuck this is not the next bitconnect ?

[Anonymous No.15153744]

NEXO.IO HAS FUCKING BETTER TERMS

AND ITS FREE CARD

LMAOOOOOOOO

FCUK SCAM MONACO

and buy DXT instead

[Anonymous No.15153802]

>>15153729
>>15153744
Can one of you give me the rundown on pros and cons of these cards vs. traditional credit cards? Looks interesting but at work and won't have time to dig in until tonight.

[Anonymous No.15153816]

Wait what is this? Crypto backed credit card? Smells fishy

[Anonymous No.15153825]

Buy ZEON you fucking noobs

[Anonymous No.15153840]

>>15153729
Weak interest sounds kinda bad d e s u

[Anonymous No.15153864]

>>15153840

The only thing weak is you

[Anonymous No.15153892]

>>15153840
>8 percent paid weekly is weak
I'm sorry but find me a single bank that has anything close to that. More than my damn index funds.

[Anonymous No.15153901]

Just checked
I like nexo more. No way I am locking $200k on an MCO card in crypto assets to get the benefits

Also, can I use Nexo for wire transfers? I wanna use it for my celery.
Also, since they offer interest, it is supposed to be a bank, amirite? Are they legally bound to provide account info on gubmint request? Any chance they issue cards on the same terms without verification?

[Anonymous No.15153913]

I have the poorfag blue card. Just use that and don't keep money on it if you're worried about an exit scam. But they have spent so much money on licenses I highly doubt they'll exit scam like that.

[Anonymous No.15153930]

>>15153892
But why is it paid weakly :(
I want a strong interest payment that will take my virginity by force :3

[Anonymous No.15154127]

FFS, can I get wire transfers on this card or is just a glorified wallet app?

[Anonymous No.15154149]

So wait you're telling me that I can invest my crypto into this nexo shit and not only do I get an 8 percent compounding interest, but I also get the value of my coins AND i can use it like I would a credit card? What the fuck this is the future what is the catch I just buy and HODL anyways

[Anonymous No.15154173]

>>15153744
Why is it a scam?

[Anonymous No.15154224]

>>15154149
Not nexio, Monaco (MCO)
The catch is you have to stake a large amount of bux to get the better benefit tiers.

[Anonymous No.15154243]

>>15154224
What's considered a large amount of bux when it comes to nexo? I mean the highest savings i find with a credit union is like 2.1 percent.

[Anonymous No.15154317]

8% weekly is 5400% annually

[Anonymous No.15154338]

>>15154317
please tell me this is bait

[Anonymous No.15154416]

>>15154243
On MCO site they say you need to lock up 50K MCO ($20K) for the highest tier.

[Anonymous No.15154472]

>>15154416
Damn MCO sounds dumb

>>15154317
Not how it works champ, 8 percent yearly but it pays out weekly.

[Anonymous No.15154527]

I use the crypto.com debit card all the time, get 3%. Locked up MCO when it was like $2/mco. You get much better benefits if you lock up the next level up but I dont have that kind of money.

Is the nexo.io card actually out? I can order it and it will come to me? I wouldnt mind having a backup crypto card.

[Anonymous No.15154670]

>>15154527
Since you are using them, can you tell me if I can use any of these cards for wire transfers?
I.e. can I get my USD celery on this card?

[Anonymous No.15154742]

>>15154670
To spend from the card, you have to load fiat. You can load by selling crypto, or by transferring money in. I just login to my main banks website, click transfer, and it transfers over in ~2 days. Crypto.com gives a checking and routing number to deposit into so you can do ACH or Wire if you are in the US to top up the card.

[Anonymous No.15154803]

>>15154742
I mean gives the same interest on fiat right? Seems like a good deal.

[Anonymous No.15154926]

Nexo needs LINK

[Anonymous No.15155123]

Use my crypto dot com referral and get 50 usd. The card is free, just register and go. Use my referral qv50ua2qjz

[Anonymous No.15155171]

>>15153729
You have to stake 50k MCO to get that card numb nuts.

[Anonymous No.15155631]

Bump

[Anonymous No.15155686]

>>15153729
Sounds too good to be true, what's the catch?

[Anonymous No.15155726]

>>15155686
It's centralized. So IRS will fist you.

[Anonymous No.15155916]

>>15155726
Just pay taxes lol

[Anonymous No.15156060]

>>15153729
i just got my card a month ago and ive been using it as my main card now. i only get 3% cash back but im really enjoying it since nearly all of my networth is in crypto and i can convert it into fiat for quick use anywhere visa is accepted.

[Anonymous No.15156224]

>>15153729
LOOK AT THE FUCKING FEES YOUR RETARD newfags stay the fuck away from this

[Anonymous No.15156227]

>>15155686
Ponzi scheme, they make you deposit like 20K USD to sit in their coffers, and some Korean/Russian hacker will coincidentally steal it in a few months.

[Anonymous No.15156266]

>>15153729
how the hell are people supposed to actually use crypto in everyday transactions when the prices fluctuate so wildly?

[Anonymous No.15156674]

>>15153729
how the fuck is biz not even aware of this yet
this board really is shit lmao

>>15153901
nexo is fucking shit, you can get most of the benefits by locking up 500 MCO

>>15156224
>>15156227
idiots, I have been using their app for almost a year and it is legit

for anyone else, just check out their website and video

https://twitter.com/cryptocom/status/1151388621364011008

[Anonymous No.15156935]

>>15156674
I use the app too you fucking shill thats why im warning people to stay the fuck away LOOK AT THEIR FEES they will rape you when you want to buy, convert, or transfer crypto to an external wallet. Look at how much they will charge you if you dont use their card or you lose it. Go ahead do the math retards if you like paying exorbitant fees for everything when there's much better and cheaper ways to buy and convert tokens.

[Anonymous No.15157076]

>>15153729

This has all happened before. People have made 'maintream' credit/debit cards that use VISA or mastercraft to give ramps.

None of them have after gotten anywhere.

This won't be any different.

[Anonymous No.15157226]

>>15156674
Idk, mco seems like a better card but nexo seems like a better bank experience

[Anonymous No.15157381]

>>15156935
They charge you 5 usd after 12 months of inactivity. That is not a high fee

[Anonymous No.15157397]

>>15155686
eventually, the company collapses at the staked tokens will be worthless.
mco is losing tons of money right now especially if you consider that the benefits (free spotify/netflix) are straight up covered by them instead of being official partnerships.

[Anonymous No.15157613]

>>15157397
Damn didn't realize that. That's risky as fuck all things considered. Seems like nexo is still the safest

[Anonymous No.15158176]

>>15157397
>covered by them
You pay for Netflix with your MCO card. MCO deposits $12 worth of MCO into your account as "cash back". Trading their worthless meme tokens for visa tx fees. Seems ok.