MEXC and Ether.fi’s Crypto Card ‘Puts Power in the Hands of Users’

MEXC and ether.fi have teamed up to launch a new crypto-powered credit card that aims to give users a seamless way of spending their digital assets worldwide.

The MEXC x ether.fi card is fully compatible with Apple Pay and Google Pay, and can be used at more than 150 million Visa merchants globally. Customers can earn up to 4% cashback on their purchases, plus exclusive perks including discounted travel, conference passes and savings of up to 65% on luxury hotels.

“We have the ability to provide more rewards for users,” ether.fi CEO Mike Silagadze said in a recent interview, adding that the card gives users the ability to either spend or borrow against their crypto.

“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,” Silagadze explained.

Ether.fi and MEXC

Silagadze has described ether.fi as a “DeFi bank” designed to offer a full end-to-end alternative to traditional financial institutions, built atop self-custodial crypto rails. Founded in 2018, crypto exchange MEXC claims to have more than 40 million users worldwide, with a goal of making digital assets simple and accessible.

“What excites me is when I see people using ether.fi as an alternative to their banks,” Silagadze said. He added that the MEXC x ether.fi card “ultimately puts a lot more power in the hands of users,” offering more competitive benefits for consumers than old-fashioned providers—as well as the freedom to spend and borrow against crypto.

“It’s really just objectively a much better product for people,” he added.

MEXC and ether.fi have introduced exclusive offers for new users of the card. Those who successfully complete a first deposit of more than 100 USDT are eligible to receive a 15 USDT airdrop—and during January, up to 15% cashback for food and dining purchases.

In order to incentivize current card holders to spread the word, a referral program offers a 10 USDT reward for every person they onboard, in addition to 1% cashback on the purchases they subsequently make.

New customers can obtain a MEXC x ether.fi virtual card by completing advanced Know Your Customer verification, filling out an application form, and topping up their ether.fi account via bank transfers or non-custodial wallets.

The product is now available in more than 60 countries globally—spanning Asia, Europe and South America.

Competitive conversion rates and a slick user interface have been top priorities for MEXC and ether.fi in their push to appeal to crypto newcomers, as well as those who already use digital assets.

For years, fiat has been the main option for consumers doing their supermarket shop, or making big-ticket purchases online. MEXC and ether.fi are on a mission to change that—and give crypto far greater levels of utility in daily life, Silagadze said, noting that the crypto market is “evolving toward much more real-world use cases of crypto in people’s day-to-day lives.”