- MEXC and ether.fi launched a crypto-powered credit card that works at over 150 million VISA merchants.
- The card is compatible with Apple Pay and Google Pay and offers up to 4% cashback plus travel and event perks.
- Users can spend or borrow against crypto, and the product is built on self-custodial rails described by the issuer as a “DeFi bank.”
- New-user incentives include a $15 airdrop after a $100 deposit, up to 15% cashback on dining in January, and a $10 referral reward plus 1% referral cashback.
- The virtual card is available in more than 60 countries and requires advanced KYC and account top-up via bank transfer or non-custodial wallet.
MEXC and ether.fi have introduced a new crypto-powered credit card that lets users spend digital assets at more than 150 million Visa merchants worldwide. The product is available in over 60 countries and aims to give users a way to use crypto for everyday purchases and travel.
The card supports Apple Pay and Google Pay, and customers can earn up to 4% cashback on purchases. It also offers perks such as discounted travel, conference passes, and hotel savings of up to 65% on luxury bookings.
ether.fi positions itself as a “DeFi bank” built on self-custodial crypto rails. Mike Silagadze, chief executive of ether.fi, said in a recent interview that the platform can offer more rewards and gives users the ability to spend or borrow against crypto. “We have the ability to provide more rewards for users,” he said.
The program includes several user incentives. Customers who deposit $100 or more are eligible for a $15 airdrop; January promotions include up to 15% cashback for food and dining. A referral program pays $10 per new user plus 1% cashback on that referee’s purchases.
To obtain a virtual card, users must complete advanced Know Your Customer verification, submit an application, and top up their ether.fi account via bank transfer or a non-custodial wallet. The firms emphasize competitive conversion rates and a streamlined interface to increase crypto use in daily life. “It’s really just objectively a much better product for people,” Silagadze added.
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