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Ether.fi moves Cash card product to OP Mainnet in major platform shift

Crypto Briefing
Ether.fi is migrating its Cash card product and 300,000 user accounts from Scroll to OP Mainnet via an OP Enterprise partnership.

Summary

Ether.fi is shifting its non-custodial card and digital cash account product, ether.fi Cash, to OP Mainnet, moving approximately 70,000 active cards and 300,000 user accounts from Scroll to Optimism's infrastructure. This migration, part of a long-term OP Enterprise partnership, transfers millions in user TVL and positions OP Mainnet as a major hub for consumer crypto payments. Ether.fi Cash enables users to convert fiat to crypto, earn DeFi yield, and spend globally using a Visa card, processing about 2,000 internal swaps and 28,000 daily spend transactions. Optimism views this as validating the OP Stack's capability for large-scale payment products, offering ether.fi enterprise support and integration. This move is a strategic effort to establish OP Mainnet as a key settlement hub for consumer DeFi applications within the Superchain ecosystem.

(Source:Crypto Briefing)