MEXC and ether.fi have launched a new crypto-powered credit card designed to turn digital assets into everyday spending power. The MEXC x ether.fi card works with Apple Pay and Google Pay and is accepted at more than 150 million merchants on the Visa network, letting users pay with crypto almost anywhere in the world.
Key perks and features
- Up to 4% cashback on purchases.
- Exclusive benefits such as discounted travel, conference passes, and up to 65% savings on luxury hotels.
- Ability to spend crypto directly or borrow against holdings, giving users flexibility between liquidity and credit.
- Compatibility with Apple Pay and Google Pay and global acceptance via Visa.
Why it matters
ether.fi CEO Mike Silagadze calls the product a bridge between crypto and everyday finance: it “could be a really easy way to on-ramp onto the U.S. dollar and use that as savings and spending assets in their local economy—or if you're already based in the U.S., a higher rewards financial product.” He describes ether.fi as a “DeFi bank” built on self-custodial crypto rails that aims to offer an end-to-end alternative to traditional banks. Silagadze adds that the card “ultimately puts a lot more power in the hands of users,” offering more competitive benefits than many legacy providers.
Promotions and availability
- New users who deposit more than 100 USDT can receive a 15 USDT airdrop.
- January promotions included up to 15% cashback on food and dining.
- A referral program rewards existing cardholders with 10 USDT per referral plus 1% cashback on purchases made by those referrals.
- The virtual card is available after completing advanced KYC verification, filling out an application, and topping up an ether.fi account via bank transfer or non-custodial wallets.
- The product is currently available in more than 60 countries across Asia, Europe and South America.
Background
MEXC, founded in 2018, says it serves over 40 million users worldwide and aims to make digital assets more accessible. The card is positioned to appeal to both crypto newcomers and experienced users by emphasizing competitive conversion rates and a streamlined user interface.
Bottom line
MEXC and ether.fi are betting that easier, higher-reward ways to spend and borrow against crypto will drive mainstream utility for digital assets. As Silagadze notes, the market is “evolving toward much more real-world use cases of crypto in people's day-to-day lives.”
Disclosure: This launch was presented in partnership with MEXC.
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