Ether.fi, the restaking protocol turned neobank with $6.8 billion in consumer deposits, has introduced the roll out of Ether.Fi Hotels, a function that lets customers e book luxurious accommodations world wide utilizing their Ether.fi Money playing cards.
The agency pivoted to grow to be a neobank final month, providing conventional banking companies coupled with its current native decentralized finance (DeFi) options like yield by way of Ethereum restaking.
The most recent function is in partnership with Entravel, a journey reserving platform that has hundreds of resort manufacturers the world over. Customers may also obtain 5% money again for each reserving made with the Ether.fi Money card.
“This integration brings us one step closer to making crypto usable in everyday life,” Mike Silagadze, CEO of ether.fi, instructed CoinDesk. “Ether.fi Cash already allows users to spend, borrow, and earn on their crypto—now they can travel the world with it, too.”
Knowledge from Dune Analytics exhibits that Ether.fi’s Money product is already managing $25 million value of consumer deposits, with $3.8 million being spent and $109K being rewarded in money again.
