RESTRACING PROTOCOL ETHER.FI said it is planning to add bank services that will see that it will be a decentralized financing (DEFI) Neobank.

Ether.Fi app gives users the experience of a traditional fintech app that allows them to use, save and make money through linked crypto functions, including reloading. The app allows bill payments and payroll services using Fiat money.

“With Ether.Fi Bro We bridge between the distance between decentralized financing and the financial needs of everyday life,” CEO Mike Silagadze said in a statement. “Our goal is to give users a robust, user -friendly platform that gives the benefits of defi without complexity, making financial freedom accessible to everyone.”

One of the features under the hood will be ether.Fi’s cornerstone, which is a residue product, which allows investors to secure an additional benefit by putting ether (ETH) and receiving fluent stacking stokens (LSTs) that can be stabbed over the defi -ecosystem.

Last month, Coindesk reported how Ether.Fi was one of a few rest protocols that managed to preserve the total value locked (tvl) despite the sector suffering from a step -down in the past year.

It currently has 2.7 million ETH ($ 4.4 billion) in Tvl, an almost record high, according to Defillama.

Cash cards in the US

In September, Ether.Fi announced the release of his own Visa “Cash” card, which would allow card holders to use Fiat currency while using crypto as security.

This product as well as the intervention service is now available in the United States despite the fact that both have previously been fenced on due to regulatory requirements.

It will initially be available in selected states after a number of partnerships with local units to ensure regulatory compliance.