According to TechFlow, ether.fi, a liquidity re-pledge service provider, announced a partnership with Ethereum Layer 2 network Scroll to launch Ether.fi Cash, a blockchain-based credit card. The card allows users to use crypto assets as collateral and spend in fiat currency while continuing to hold cryptocurrencies and earning income.
ether.fi Cash is scheduled to start shipping to pre-order customers on September 16. The card will be issued in the form of a physical Visa credit card, compatible with mobile payment providers such as Apple Pay, and offer 3% unlimited cash back.
ether.fi Cash does not currently offer services in the United States, but plans to launch in multiple countries including the United Kingdom, Hong Kong, and the United Arab Emirates.
Earlier news said that ether.fi plans to launch the Visa credit card ether.fi Cash in September, which can borrow USDC stablecoins.
