Ether.fi, the restaking protocol turned neobank with $6.8 billion in user deposits, has announced the roll out of Ether.Fi Hotels, a feature that lets users book luxury hotels around the world using their Ether.fi Cash cards.
The firm pivoted to become a neobank last month, offering traditional banking services coupled with its existing native decentralized finance (DeFi) features like yield via Ethereum restaking.
📖 Related Reading
- 📰 Polygon NFTs hit $2B sales milestone as network defies downturn
- 📰 Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
The latest feature is in partnership with Entravel, a travel booking platform that has thousands of hotel brands across the world. Users will also receive 5% cash back for every booking made with the Ether.fi Cash card.
“This integration brings us one step closer to making crypto usable in everyday life,” Mike Silagadze, CEO of ether.fi, told CoinDesk. “Ether.fi Cash already allows users to spend, borrow, and earn on their crypto—now they can travel the world with it, too.”
📖 Related Reading
- 📰 Here’s what happened in crypto today
- 📰 Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
Data from Dune Analytics shows that Ether.fi’s Cash product is already managing $25 million worth of user deposits, with $3.8 million being spent and $109K being rewarded in cash back.
🔗 You Might Also Be Interested In
📖 Related Reading
- 📰 Here’s what happened in crypto today
- 📰 Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
Polygon NFTs hit $2B sales milestone as network defies downturn
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
📖 Related Reading
- 📰 Here’s what happened in crypto today
- 📰 Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Here’s what happened in crypto today
Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
$302 Million Lost to Crypto Scams, Hacks, and Exploits in May: CertiK
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Here’s what happened in crypto today
Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
$302 Million Lost to Crypto Scams, Hacks, and Exploits in May: CertiK
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Here’s what happened in crypto today
Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
$302 Million Lost to Crypto Scams, Hacks, and Exploits in May: CertiK
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!