Ether.fi, the remains of the protocol turned Neobank with $ 6.8 billion in user deposits, has announced the roll out of ether.Fi Hotels, a feature that gives users booked luxury hotels around the world using their ether.Fi cash cards.
The company was about becoming a neobank last month and offers traditional banking services combined with its existing original decentralized financing (DEFI) features as dividends via Ethereum Restake.
The latest feature is in partnership with Entravel, a travel booking platform that has thousands of hotel brands around the world. Users will also receive 5% in cash back for each reservation made with Ether.Fi CONTANT card.
“This integration brings us a step closer to making crypto applicable in everyday life,” Mike Silagadze, CEO of Ether.fi, told Coindesk. “Ether.Fi Cash already allows users to use, borrow and earn from their crypto – now they can travel the world with it too.”
Data from Dune Analytics shows that ether.FI’s cash product already manages $ 25 million user deposits with $ 3.8 million spent and $ 109K is rewarded in cash back.
