Norwegian Block Exchange (NBX) Pauses Credit Card Programme

07 Jul 2025 17:00 CEST

OSLO, NORWAY - July 7th, 2025 - Norwegian Block Exchange (NBX), a leading Nordic
cryptocurrency exchange and digital asset platform, will pause the card
programme after Nordiska exits Norway.

The reception of the card has been fantastic, and NBX is proud to have issued
the first credit card in the world with Bitcoin cashback. Observing giants like
Coinbase and Gemini recently adopting similar programmes is a testament to the
idea 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 Visa Credit
Card.​ Affected customers will receive communication from Nordiska detailing the
process going forward. As previously communicated, NBX has not issued cards in
2025 due to waiting to be registered as a loan provider “låneformidler” by the
NFSA.

NBX is working with other credit providers and aims to have this in place after
summer. The card has been a significant investment and focus for us since
launching. Since inception, NBX has paid out 4,26 BTC in cashback (MNOK 4,7),
facilitated almost 600k transactions transactions, and the first cashback given
to a customer has appreciated 300%, in stark contrast to traditional credit card
programmes where the focus is on continued spending and not saving in a scarce
asset.

About Norwegian Block Exchange (NBX)

Founded in 2018, Norwegian Block Exchange (NBX) is a trusted cryptocurrency
exchange serving the Nordic market. Licensed and regulated in Norway, NBX offers
secure trading of digital assets, custody solutions, and blockchain technology
services for retail and institutional clients. NBX is committed to providing a
compliant trading environment with robust security measures and transparent
operations. The company issued the first credit card in the world with BTC
cashback 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

More information:
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