EtherFi Cash is preparing to support card spending in Swiss francs
After EURC, another stablecoin could become available for direct card spending with EtherFi Cash: ZCHF, a stablecoin pegged to the Swiss franc (CHF)
ZCHF is already integrated into EtherFi Cash:
- users can deposit ZCHF via Optimism
- ZCHF swaps are available
- users can hold ZCHF in their accounts
- ZCHF is supported as collateral for borrowing
- ZCHF is already listed in Summer Lend on Optimism
There are also references to CHF bank transfers, but I don't have CHF among the available bank deposit currencies in my app
What's currently in development?
- spending ZCHF directly with the card in Debit Mode
- support for both the old and new EtherFi Cash systems
It's still unclear whether ZCHF will get the same 0% FX fees as EURC when spending in Swiss francs
But I can already see a new direction for EtherFi Cash: spending in multiple currencies
Looks like it's time for EtherFi Cash to grow not only up, but also sideways. A great step forward!
Now let's see how this gets rolled out and whether more currencies will follow
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