New Nexo Card data shows stablecoins and crypto-backed credit funding meals, flights and

For years, the question hanging over crypto payments was simple: why would anyone spend an asset they expect to rise in value? New data from Nexo suggests European crypto holders have found an answer. Many of them simply do not sell.

Nexo’s report Digital assets and the European lifestyle, based on a full year of anonymised Nexo Card transactions across the European Economic Area, shows a consumer who pays for ordinary life with digital asset wealth, using two very different routes to get there.

Route one: borrow, don’t sell

In credit mode, Nexo cardholders borrow against holdings such as Bitcoin and Ether instead of selling them. The assets stay…