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ether.fi

Liquid restaking platform Ether.fi has announced a partnership with native zero-knowledge layer 2 Scroll to launch a new Visa-enabled credit card and wallet app. 
The ether.fi (<a rel="" href="https://crypto.news/price/ether-fi/">ETHFI</a>) team revealed the collaboration in a post on X on Sept. 9. Per the Ethereum (<a rel="" href="https://crypto.news/price/ethereum/">ETH</a>) restaking platform, the alliance allows it to use Scroll as the settlement layer for its card dubbed ‘ether.fi Cash’ card. 
 You might also like: <a rel="" href="https://crypto.news/mastercard-rolls-out-crypto-debit-card-for-non-custodial-use-in-europe/"> Mastercard rolls out crypto debit card for non-custodial use in Europe </a> 
<h2 class="wp-block-heading" id="borrow-and-lend">Borrow and lend</h2> 
This card will function like a typical Visa card and will be accepted wherever Visa is available. More importantly, the card is a true credit card, not a preloaded debit card. 
According to Ether.fi, the partnership aims to enable a lending and borrowing market for the new credit card. The crypto-linked card will allow holders to access fiat credit using their cryptocurrencies as collateral. 
Ether.Fi said its decision to work with Scroll “allows us to offer our users a faster, cheaper, and more rewarding onchain meets real-world experience. Users will also benefit from access to rewards, including cash back on their crypto holdings. The Ether.fi Cash card will support everyday purchases and offer up to 8% cash back, which will be available to users completing online or in-store transactions. 
Ether.fi is currently the fourth-largest decentralized finance protocol by total value locked, with over $5.5 billion. According to <a href="https://defillama.com/protocol/ether.fi#information" target="_blank">DeFiLlama</a>, the platform’s TVL reached $6.9 billion in July. 
 Read more: <a rel="" href="https://crypto.news/ethereum-exit-lido-ether-fi-renzo/"> Ethereum stakers exit Lido for Ether.fi, Renzo </a>

Ether.fi partners Scroll to unveil new Visa ‘Cash’ card

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