The new bank Ether.fi has launched a Crypto Assets hotel booking service.

Gate News bot message, Ether.fi announced the launch of the Ether.Fi Hotels feature, allowing users to book luxury hotels worldwide using the Ether.fi Cash card.

Last month, the company transformed from a re-staking protocol into a new type of bank with $6.8 billion in user deposits, offering traditional banking services while integrating its existing native DeFi features, such as earning yield through Ethereum re-staking.

This latest feature is launched in collaboration with Entravel, a travel booking platform with thousands of hotel brands worldwide. Users can earn 5% cash back on each booking when using the Ether.fi Cash card.

According to data from Dune Analytics, the Ether.fi Cash product has managed user deposits worth $25 million since its launch one month ago, of which $3.8 million was used for consumption and $109,000 was used for cash back.

Source: CoinDesk