Nexus Debit card and where it can be used

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The Nexus Debit Card is an instant access real-world gateway to your Social coins. The card will allow a user to spend their SCL at any retailer that accepts Visa. We are adopting a technique calls JITF (Just in Time Funding). This means that SCL is sold for the requested fiat on request for the best rate. If the user swipes their card at a terminal, our server checks to see if their account has enough SCL to pass the transaction. If so, SCL is instantly sold for fiat, fiat moved to card, and the transaction is then approved.

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Nexus Debit card and where it can be used | Ecency