Ether.fi to launch Visa credit card with 3% cashback and crypto collateral feature

Ether.fi, known for its liquid staking service, is launching the Ether.fi cash credit card in partnership with Scroll, an Ethereum layer-2 network, according to Cointelegraph. The card allows users to spend fiat while using crypto as collateral, earning yield on their assets. Offering 3% cash back without restrictions, the card will ship to pre-order customers on Sept. 16. Initially available in countries like the UK, Hong Kong and UAE, the card aims to appeal to both crypto and non-crypto users.