Ether.fi Launches Blockchain Credit Card Offering 3% Cash-Back And Crypto Collateral Through Scroll Partnership
Portfolio Pulse from Murtuza Merchant
Ether.fi is launching a blockchain-based credit card, Ether.fi Cash, in partnership with Scroll, an Ethereum Layer-2 network. The card allows users to spend fiat while using crypto as collateral, offering 3% cash-back and crypto-based rewards. Initially available internally, it will ship to pre-order customers on Sep. 16, but won't be available in the U.S. due to regulatory concerns.
September 09, 2024 | 3:53 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ether.fi's partnership with Scroll to launch a blockchain credit card could increase Ethereum's utility and demand, as the card uses Ethereum's Layer-2 network for transactions.
The Ether.fi Cash card uses Scroll, an Ethereum Layer-2 network, for its DeFi features, potentially increasing Ethereum's utility and demand. The card's launch could attract more users to Ethereum's ecosystem, especially with its 3% cash-back offer.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80