ether. fi, to offer a crypto-backed credit card Visa formed a partnership with.
According to Coindesk news, Ethereum liquid repurchase initiative Ether. fi has introduced Ether.fi Cash, a cryptocurrency-backed credit card that can help crypto investors turn their decentralized finance investments into spending money.
ether. fi Cash, a popular stablecoin in exchange for one’s decentralized finance (DeFi) investments. USDCIt was stated that there will be a mobile wallet and Visa credit card that borrow money and can be paid directly via crypto.
Ether.fi founder Mike Silagadze said in his statement:
“Our mission is to create a suite of integrated applications that make DeFi truly usable for regular people.
Cash is your spending account, the dream is to never have to leave the blockchain.
ether. fi Cash card holders will be able to borrow against their Stake or Liquid deposits and use the interest earned from these investments to automatically pay their bills. Alternatively, users can convert assets directly into USDC and receive instant payments.”
After the news ETHFI The price started to rise.
*This is not investment advice.
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