Ether.fi and Scroll teams to launch Visa Cash credit card 

The developers of the Ether.fi liquid re-stocking platform and Scroll's L2 solution have announced the launch of the Visa Cash credit card. The latter will become a settlement tier in order to minimize fees for its holders.

The card will allow users to borrow cash against collateralized digital assets and earn 3% cashback. Collateral can include "eETH, Liquid Vault LP tokens and other income-producing assets," according to the website.

The developers are testing the product inside the protocol and are preparing to start distributing it to users on September 16, 2024.