1 week ago
Ether.fi, the restaking protocol turned neobank with $6.8 cardinal successful idiosyncratic deposits, has announced the rotation retired of Ether.Fi Hotels, a diagnostic that lets users publication luxury hotels astir the satellite utilizing their Ether.fi Cash cards.
The steadfast pivoted to go a neobank past month, offering accepted banking services coupled with its existing autochthonal decentralized concern (DeFi) features similar output via Ethereum restaking.
The latest diagnostic is successful concern with Entravel, a question booking level that has thousands of edifice brands crossed the world. Users volition besides person 5% currency backmost for each booking made with the Ether.fi Cash card.
"This integration brings america 1 measurement person to making crypto usable successful mundane life," Mike Silagadze, CEO of ether.fi, told CoinDesk. "Ether.fi Cash already allows users to spend, borrow, and gain connected their crypto—now they tin question the satellite with it, too."
Data from Dune Analytics shows that Ether.fi's Cash merchandise is already managing $25 cardinal worthy of idiosyncratic deposits, with $3.8 cardinal being spent and $109K being rewarded successful currency back.
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