According to Odaily, Ether.fi, a liquidity pledge protocol for Ethereum, has announced the launch of a cryptocurrency credit card named 'Cash'. This card is designed to help users utilize their DeFi assets for everyday expenses without the need for off-ramp operations.
The 'Cash' card is expected to be launched to consumers in September. However, due to regulatory reasons, it may not be available in some major markets, including the United States. Silagadze, a representative from Ether.fi, stated that 'Cash' will initially target crypto-native users. However, its emergence could potentially attract more people to participate in the crypto field.
It's important to note that while the 'Cash' card aims to simplify the use of DeFi assets, its availability is subject to regulatory approval in various markets. This highlights the ongoing challenges faced by cryptocurrency services in navigating global financial regulations.