They are just awesome, with a great team behind it
Here’s my EthenaPay Card review.
I was so excited about this one, waited for it with fomo, was keen on getting the invite code, and then .. I absolutely wasn’t disappointed with what I found inside.
The Good:
- 0% foreign exchange fee. getting more rare these days. benchmark is ~1.5% with other cards.
- 1:1 stables to USD conversion. No spread, no load fee, no transaction fee. Incredibly generous fee structure.
- USD, EUR and GBP virtual accounts in your name, but EUR and GBP auto-convert to USD on deposit
- Self-custodial, you control your money
- Automatic earnings on your balance, daily (up to 6% APY)
- Up to 5% cashback. Entry level gets you 4% with $115 monthly cap. More generous than $50 average other cards cap it at.
- just launched but growing fast, already getting into the ranks amongst Top 20 crypto cards (source: paymentscan)
The Bad:
- No physical cards yet
- Limited number of countries supported, no EU yet. But Pakistan is supported, nice for them, since they don’t have many cards available there
- They just launched, so many features are still on the way
I can’t explain why I love this card so much. They don’t pay me to shill them. They are just awesome, with a great team behind it, and with great foundations from Ethena ecosystem.