Restore the Ether.FI protocol said it plans to add bank services that will see that it will become a decentralized finance neobank (defi).
The Ether.FI application will provide users with the experience of a traditional Fintech application, which allows them to spend, save and earn money through linked cryptographic characteristics, including reestimation. The application will allow payroll payments and services using fiduciary money.
“With Ether.FI we are closing the gap between decentralized finances and everyday financial needs,” Mike Silagadze CEO said in a statement. “Our goal is to provide users with a robust and easy -to -use platform that offers defi’s benefits without complexities, making financial freedom accessible to all.”
One of the features under the hood will be the rest product of the FI corner, which provides investors the opportunity to ensure additional performance through the ETHER (ETH) and reception of liquid bet tokens (LST) that can be rethink in the defi ecosystem.
Last month, Coendesk reported how Ether.FI was one of the few replacement protocols that managed to retain the total locked value (TVL) despite the sector that suffered a reduction in last year’s exaggeration.
It currently has 2.7 million ETH ($ 4.4 billion) on TVL, an almost record record in ETH terms, according to defill.
Cash cards in the United States
In September, Ether.FI announced the launch of its own “cash” card, which would allow card holders to spend fiduciary coins while using crypto as a guarantee.
This product, as well as the rethinking service, is now available in the USA. Despite being previously fenced due to regulatory requirements.
Initially it will be available in selected states after a series of associations with local entities to guarantee regulatory compliance.
