Executives from EtherFi, Gnosis and Ready unpack how cheap L2s, new fiat rails and self-custody are turning “crypto cards” into global neobanks.Executives from EtherFi, Gnosis and Ready unpack how cheap L2s, new fiat rails and self-custody are turning “crypto cards” into global neobanks.

From crypto rewards cards to neobanks with EtherFi, Gnosis and Ready

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 YouTubeAppleSpotify, 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

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Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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