TL;DR
The decentralized platform Ether.fi now allows users to book luxury hotels using crypto cards, thanks to a partnership with Entravel.
Users receive 5% cashback on every booking.
In addition, Ether.fi Cash already manages $25 million in deposits, solidifying its transformation into a neobank that blends traditional banking services with the decentralized finance (DeFi) ecosystem.
Ether.fi continues proving that cryptocurrencies can be part of our everyday life. Its latest addition, “Ether.Fi Hotels”, allows users to book luxury hotels worldwide using their “Ether.fi Cash” cards, a tool that directly links staking rewards to real-world spending, creating new possibilities for crypto holders across multiple economic sectors.
The new functionality was made possible through a partnership with Entravel, a travel platform that connects thousands of international hotels with a simplified crypto payment experience. Each time a user books a hotel using the Cash card, they receive a 5% cashback reward, credited directly to their account, a compelling incentive when compared to traditional payment methods.
Crypto Cards That Reward Users for Spending
The Ether.fi Cash card not only allows users to spend crypto like fiat currency but also taps into yields generated through Ethereum restaking. Users can automate payments, withdraw cash, and even borrow against their digital assets. The company has also hinted at expanding functionality to cover other travel-related categories like flights, tourist experiences, and car rentals, according to company representatives. More features are currently in development to further strengthen Ether.fi’s utility across different sectors.
Since its launch, the platform has accumulated $25 million in user deposits. From that total, $3.8 million has already been spent, and over $100,000 has been distributed as cashback, according to “Dune Analytics” data. These numbers highlight the growing interest in decentralized financial tools that are also convenient and practical for daily use.
Cryptocurrencies That Go From Virtual to Real-World Use
Ether.fi CEO Mike Silagadze explained that this new integration is meant to make crypto usable in real-life situations like travel. In his words, the future of finance involves connecting DeFi products like staking directly to the real economy, with no technical barriers or banking intermediaries.
With this approach, Ether.fi not only positions itself as a solid player in the DeFi ecosystem but also as one of the first projects to merge saving, earning, and spending into a single product. It’s a shift that brings everyday users closer to real-world crypto use, beyond mere speculation.
