Norwegian Block Exchange (NBX) Pauses Credit Card Programme
OSLO, NORWAY - July 7th, 2025 - Norwegian Block Exchange (NBX), a leadingNordiccryptocurrency exchange and digital asset platform, will pause the cardprogramme after Nordiska exits Norway.
The reception of the card has been fantastic, and NBX is proud to have issuedthe first credit card in the world with Bitcoin cashback. Observing giantslikeCoinbase and Gemini recently adopting similar programmes is a testament to theidea of everyday saving in Bitcoin based upon consumer spending.
The decision is due to Nordiska exiting Norway as part of a strategic change;thus, NBX is without a credit provider and must discontinue the NBX VisaCreditCard. Affected customers will receive communication from Nordiska detailingtheprocess going forward. As previously communicated, NBX has not issued cards in2025 due to waiting to be registered as a loan provider "låneformidler" by theNFSA.
NBX is working with other credit providers and aims to have this in placeaftersummer. The card has been a significant investment and focus for us sincelaunching. Since inception, NBX has paid out 4,26 BTC in cashback (MNOK 4,7),facilitated almost 600k transactions transactions, and the first cashbackgivento a customer has appreciated 300%, in stark contrast to traditional creditcardprogrammes where the focus is on continued spending and not saving in a scarceasset.
About Norwegian Block Exchange (NBX)
Founded in 2018, Norwegian Block Exchange (NBX) is a trusted cryptocurrencyexchange serving the Nordic market. Licensed and regulated in Norway, NBXofferssecure trading of digital assets, custody solutions, and blockchain technologyservices for retail and institutional clients. NBX is committed to providing acompliant trading environment with robust security measures and transparentoperations. The company issued the first credit card in the world with BTCcashback and is an exclusive issuer in Europe of the stablecoin USDM.
Contact person: Stig Kjos-Mathisen, Email: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47 932 87 572
https://newsweb.oslobors.no/message/650837
