From crypto rewards cards to neobanks with EtherFi, Gnosis and Ready
Quick Take Executives from EtherFi, Gnosis and Ready unpack how cheap L2s, new fiat rails and self-custody are turning high-reward “crypto cards” into full-blown global neobanks.
Episode 49 of The Crypto Beat was recorded with The Block's Tim Copeland, Gnosis Co-Founder Stefan George, EtherFi CEO Mike Silagadze, and Ready Co-Founder Itamar Lesuisse.
Listen below, and subscribe to The Crypto Beat on YouTube , Apple , Spotify , Twitch, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected] .
In episode 49 of the Crypto Beat, Tim Copeland was joined by Gnosis Co-Founder Stefan George, EtherFi CEO Mike Silagadze, and Ready Co-Founder Itamar Lesuisse to break down how cheap L2s, new fiat rails and self-custody are turning high-reward “crypto cards” into full-blown global neobanks that can realistically challenge Revolut, Amex and traditional banks.
OUTLINE
00:00 - Introduction
02:37 - Bridging DeFi to daily spend
03:58 - Why demand is surging
08:17 - Neobank revenue model
13:04 - Cost of issuing cards
15:04 - Regional issuance hurdles
19:00 - New user segments
22:27 - What is a crypto neobank?
26:28 - Fixing crypto UX
32:27 - Cost and global scale edge
37:40 - Power of composability
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC breaks through $88,000
BTC breaks through $89,000
The Atlanta Fed's GDPNow model projects U.S. GDP growth of 3.9% in the third quarter.
Bitcoin News Update: S&P Lowers Tether's Rating Due to Risky Holdings and Lack of Transparency, Raising Concerns About Stablecoin Stability
- S&P downgrades Tether's USDT to "weak," citing high-risk reserves (24% in Bitcoin/gold) and opaque operations. - Tether's 5.6% Bitcoin allocation exceeds overcollateralization margins, risking undercollateralization amid crypto volatility. - Analysts warn Tether's gold/Bitcoin purchases (2% of global demand) could destabilize markets, while regulatory scrutiny intensifies. - Despite $10B+ 2025 profits, Tether defends its "digital dollar" role, though S&P flags structural risks like custodian transparency
Crypto prices
More
