EtherFi's Bet Against Crypto's Casino Economy
Neobanking is a $300B industry. Here's why EtherFi's CEO thinks that's the opportunity crypto casinos are ignoring.
EtherFi CEO Mike Silagadze doesn't think crypto has a product problem but rather a distraction problem:
Silagadze said as much to David Hoffman on the latest episode of the podcast amid laying out what EtherFi, as a self-custodial neobank that's evolving into a de facto neobrokerage, provides an alternative against.
EtherFi is explicitly the more boring, more sustainable foil, aimed at offering useful financial products that can actually bring in, and retain, normal people. Naturally this vision was the fuel behind the platform's new Summer features releases, including expanded fiat rails, Aave credit lines, tokenized stocks, and beyond.
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William M. Peaster
William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he covers the onchain frontier with a particular interest in art, games, and other culture apps. He has a background in creative writing and writes fiction in his free time.
