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 YouTube, Apple, Spotify, Twitch, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected] 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. OUTLINE00:00 - 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 composabilityGuest 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 The Block Newsletters The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters.Are you hiring in crypto? Use Campus to quickly find your best candidates with our challenging Crypto Assessment Test. Faster hiring, stronger teams.Sign up for a trial today: theblock.co/campusDisclaimer: 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.