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3# Ethena Pay is still the best crypto neobank to use in Brazil
Since I started testing
@EthenaPay, Iโve been running conversion-rate tests with local merchants using the 4 crypto cards I own. It will be 3 starting from the next comp
The membership plan and all details are in the first post of the series
Before cashback, Ethena Pay already has the best FX rate:
โข 0.17% cheaper than Plasma One Core
โข 0.17% cheaper than Etherfi Luxe
โข 2.3% cheaper than Kast Standard
Adding cashback further improves Ethena Payโs lead:
โข 1.04% or $0.06 better than Plasma
โข 1.21% or $0.07 better than Etherfi
โข 4.83% or $0.29 better than Kast
I ran a new test at least once a week since August, and Ethena Pay had the best FX conversion rate in all of them. On 2 occasions, it tied with Etherfi for the best rate, then took the Nยบ1 spot after cashback
I ran the tests on September 22nd, between 02:21pm and 02:22pm local time (GMT-3)