If you haven't heard of @0xinfini yet, you really should crawl out of various memecoin channels for some fresh air. Simply put, it's a prepaid card like Visa/Mastercard that allows you to spend stablecoins like USDT and USDC in the real world, from buying coffee to subscribing to OnlyFans, no problem at all. The key point is that your balance can also earn interest while lying there, it sounds like the lovechild of a bank and DeFi. They are not new faces; over the past few months, they have cut the transaction fee from 1% to 0.8%, and now it's directly down to 0.1%, with the goal heading for 0%. At this speed, saying it's evolved three times would not be an exaggeration; it feels like they've taken some kind of speed buff.
The highlight this time is the direct drop of transaction fees to 0.1%. Don't underestimate this number; other crypto cards in the market, like @cryptocom or @binance Card, usually charge you 1-2%, and some even sneak in a currency exchange margin. Infini has directly slashed the prices to the floor and shouted out the slogan 'the more people use it, the faster we get to 0%,' it sounds like a crowd-funded version of a fee reduction plan. On the other side, their wealth management function (officially likened to Yu'e Bao, let's call it a crypto version of a piggy bank) is also being enhanced, with APY rising instead of falling. What does this mean? It means that when you spend money by swiping the card, you save a bit, and the money you didn't spend is still helping you earn interest. It's simply earning with one hand and saving with the other.
Victory for the common people
0.1% transaction fee, no threshold, no staking requirements, this is the true decentralized spirit. Other cards are still playing the trick of 'locking 4000 coins for you to get a lower rate', Infini directly says: just come and play, anyone can join. This is simply a salvation for retail investors and small players.
Your stablecoins can earn interest just by sitting there, and the interest rate is still rising. Isn't that much better than the bank's pathetic 0.01%? If it can maintain this long-term, this card is like a mobile yield farming machine.
Pressuring competitors: Is Infini openly provoking? Other cards either have to follow suit and lower fees or get eliminated by the market. If this wave is successful, it might just smash the fee ceiling of all crypto cards, haha.
Infini is not here to play games this time; they are here to shake things up. 0.1% is just the starting move. If it can actually drop to 0% or even negative rates (what? You swipe the card and I still give you money?), then it's really game on. Whether you trust their altruism or doubt their gamble, this project is worth keeping an eye on, isn't it?
BTW, @Christianeth Daddy Li also gave out 10,000 red packets to everyone! With this kind of setup, I just have to ask, who else is there!
