From crypto rewards cards to neobanks with EtherFi, Gnosis and Ready
This podcast episode discusses how crypto rewards cards are evolving into global neobanks challenging traditional finance using technologies from EtherFi, Gnosis, and Ready.Summary
Episode 49 of The Crypto Beat features Tim Copeland interviewing Stefan George (Gnosis Co-Founder), Mike Silagadze (EtherFi CEO), and Itamar Lesuisse (Ready Co-Founder). The discussion centers on the transformation of high-reward crypto rewards cards into comprehensive global neobanks capable of competing with established players like Revolut and Amex. This evolution is driven by factors such as cheap Layer 2 solutions, new fiat rails, and self-custody capabilities. The guests explore bridging DeFi to daily spending, the surging demand for these products, the neobank revenue model, the costs associated with card issuance, regional hurdles for global scale, and how composability in crypto is fixing user experience issues to attract new user segments.
(Source：The Block)