New blockchain-based card offers 3% cash-back and gasless transactions, bridging crypto assets with everyday spending.
Ether.Fi is making waves in the financial technology world by launching a new Visa 'Cash' Card that operates on the Scroll Network. This innovative card combines the benefits of blockchain technology with the convenience of traditional credit cards.
The Ether.Fi Visa 'Cash' Card is a blockchain-based credit card that offers users a 3% cash-back reward on their purchases. This means that for every dollar spent using the card, users will receive three cents back. The card also allows users to borrow money using their cryptocurrency as collateral, providing a new way to leverage digital assets.
The card is designed to be user-friendly and compatible with mobile payment providers like Apple Pay. This makes it easy for users to integrate the card into their everyday spending habits. One of the standout features of the card is its ability to facilitate gasless transactions, thanks to Scroll's chain abstraction features. This means users won't have to worry about transaction fees, making the card even more attractive.
Initially, the Ether.Fi Visa 'Cash' Card will be available in select countries outside the United States. The card aims to attract both crypto enthusiasts and mainstream users. For crypto enthusiasts, the ability to borrow against their crypto collateral and earn cash-back rewards will be particularly appealing. For mainstream users, the no-restriction cash-back incentive and ease of use will be key selling points.
For those interested in leveraging their cryptocurrency for everyday purchases, the Ether.Fi Visa 'Cash' Card offers a practical solution. The 3% cash-back reward and the ability to borrow against crypto collateral provide added financial flexibility. Additionally, the card's compatibility with mobile payment providers and gasless transactions make it a convenient option for daily use.
