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Share link:In this post: Ether.fi has introduced a non-custodial Visa crypto credit card called Ether.fi Cash. Ether.fi integrates DeFi functionality, allowing users to leverage crypto without selling it. The crypto credit card market was valued at $97 billion in 2023 and is expected to reach approximately $152 billion by 2030.
Ether.fi, a liquid restaking protocol, has launched a ‘crypto-native’ credit card, Ether.fi Cash, which will settle transactions on Scroll, an Ethereum layer-2 scaling network. This is according to a Sept. 9 post on X.
Traditionally, using crypto for everyday purchases required selling your digital assets. Ether.fi Cash changes this by allowing users to borrow against their crypto collateral for purchases, letting you earn yields on your assets while enjoying the convenience of a credit card.
The card offers a competitive 3% cash-back reward with no limits, appealing to crypto enthusiasts and anyone looking for a feature-rich credit card. As a Visa card , Ether.fi Cash is compatible with popular mobile payment platforms like Apple Pay, further enhancing its usability.
Sandy Peng, co-founder of Scroll, emphasized the affordability of the card and said:
If you put 10 Ethereum into Aave and use this credit card, then for you, it’s going to be the cheapest credit card in the world that you can find.
Sandy Peng
Ether.fi’s card offers unique tiers and integrates DeFi for enhanced control
The card, branded for degens, offers different tiers named Pepe, Wojak, Chad, and Whale and supports borrowing against assets like Ether.fi’s liquid restaking token (eETH), Liquid Vault LP tokens, and other yield-bearing crypto assets. The liquid restaking protocol says cardholders will soon be able to pay their balance using native yields, allowing them to leverage decentralized finance (DeFi) features while maintaining control of their crypto.
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