Ether.fi launching ‘crypto-native’ credit card on ZK-rollup Scroll
The degen-branded card is non-custodial and lets users pay by borrowing against crypto collateral, Ether.fi said.
Ether.fi, a liquid restaking protocol, is launching a ‘crypto-native’ credit card that will settle transactions on Scroll, an Ethereum layer-2 scaling network, according to a Sept. 9 post on the X platform.
Ether.fi Cash is a Visa credit card designed to let users pay with cryptocurrency “anywhere Visa is accepted,” the post said. According to Ether. fi’s website, the degen-branded card comes in tiers dubbed Pepe, Wojak, Chad, and Whale.
Ether.fi says the card is non-custodial, meaning crypto stays in users’ wallets instead of being transferred to a separate account. Cardholders can finance purchases by borrowing against crypto collateral, including “against eETH, Liquid vault LP tokens and more yield-bearing assets,” according to the website. eETH is an Ether.fi liquid restaking token (LRT).
The degen-branded card is non-custodial and lets users pay by borrowing against crypto collateral, Ether.fi said.
Ether.fi, a liquid restaking protocol, is launching a ‘crypto-native’ credit card that will settle transactions on Scroll, an Ethereum layer-2 scaling network, according to a Sept. 9 post on the X platform. Ether.fi Cash is a Visa credit card designed to let users pay with cryptocurrency “anywhere Visa is accepted,” the post said. According to Ether. fi’s website, the degen-branded card comes in tiers dubbed Pepe, Wojak, Chad, and Whale. Ether.fi says the card is non-custodial, meaning crypto stays in users’ wallets instead of being transferred to a separate account. Cardholders can finance purchases by borrowing against crypto collateral, including “against eETH, Liquid vault LP tokens and more yield-bearing assets,” according to the website. eETH is an Ether.fi liquid restaking token (LRT).Read more