NewsNewsDetails
From crypto rewards cards to neobanks with EtherFi, Gnosis and Ready
负重前行
2025-11-27 02:01
Ai Focus
Executives from EtherFi, Gnosis and Ready unpack how cheap L2s, new fiat rails and self-custody are turning “crypto cards” into global neobanks.
Helpful
No.Help

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

Guest links:

Stefan George - https://twitter.com/StefanDGeorge

Gnosis - https://twitter.com/gnosis_
Mike Silagadze - https://twitter.com/MikeSilagadze
EtherFi - https://twitter.com/ether_fi
Itamar Lesuisse - https://twitter.com/itamarl
Ready - https://twitter.com/ready_co
⁠

The Block Newsletters

The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters.

Are you hiring in crypto?

Use Campus to quickly find your best candidates with our challenging Crypto Assessment Test.
Faster hiring, stronger teams.

Sign up for a trial today: theblock.co/campus


Tip
$0
Like
0
Save
1
Views 161
HQYC reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
web3: Foreign media: SOL falls below $110, with $133 still being the upper target
SOL fell back after encountering resistance around $110. Foreign media reports that the range of $102 to $95 is a key support level for the short term; if this level can be held, the subsequent target remains at $133.
CoinPedia
·2026-08-30 12:11:26
16
Ethereum: Foreign media: The CLARITY bill may reshape the regulation of BTC, ETH, and XRP
Foreign media reports that the US CLARITY Act aims to clarify the boundaries between securities and commodities of crypto tokens, and it will affect the regulation of BTC, ETH, XRP as well as trading platforms.
CoinPedia
·2026-08-30 12:11:23
22
South Korea Tightens Leverage Requirements; ETF Trading Volumes Drop Significantly After Access
South Korea reduces leverage on individual stocks ETF by raising thresholds and mandating simulated transactions, resulting in a decline in both the trading volume of related products and the asset size.
Wall Street CN
·2026-08-30 10:03:52
24
LuLu uses USDC for cross-regional settlement: 24-hour remittance processes still need to comply with regulations and ensure local currency settlement
Circle released a case in August stating that LuLu Financial Holdings uses USDC to support cross-regional remittance settlements in the Gulf, Middle East, and Asia-Pacific regions. The case study describes a specific institution using stablecoin infrastructure in a particular business process and should not be extrapolated to imply that the entire regional remittance system has been fully digitized on-chain. Cross-border remittances involve licensing for both the sender and recipient, bank cooperation, foreign exchange conversion, customer identity verification, anti-money laundering checks, and local cash or account payment networks; on-chain settlement can improve one of these processes, but it does not necessarily replace all of them.
币界网
·2026-08-30 10:02:46
65
Circle Mint Expands support for 8 local currencies for deposits and withdrawals: The addition of channels does not mean individual users can use them directly
Circle announced in August the expansion of the local currency deposit and withdrawal capabilities of Circle Mint, adding 8 new local currency channels. The core of such updates is how institutions can convert fiat funds into on-chain stablecoins, followed by redemption and settlement; this is not a retail wallet feature available to all individual users. Circle also emphasizes in its public statement that Mint is mainly targeted at institutions, and specific services are subject to restrictions based on location, account qualifications, banking partnerships, and compliance requirements. Describing "new channels" as "free withdrawals for everyone" is not only inaccurate but also overlooks the most important access limitations in the use of stablecoins.
币界网
·2026-08-30 10:01:42
62
View More
Latest from Author
Refresh
arrow
Shiba Inu Price Eyes Breakout as Open Interest (OI) Hits 8.7 Trillion
Shiba Inu Price Eyes Breakout as Open Interest (OI) Hits 8.7 Trillion
04-06 22:23   128peopleViews
Bitcoin and ether surge on eve of FOMC decision fueling wave of liquidations
Bitcoin and ether surge on eve of FOMC decision fueling wave of liquidations
2025-12-10 01:53   166peopleViews
IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul
IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul
2025-12-09 20:07   77peopleViews
Recommended