Crypto credit cards, with credit from DeFi lenders, could emerge, and their interest rates would likely be pushed down by market supply and demand, unlike traditional credit cards.
"this means we could eventually see crypto credit cards where the credit comes from DeFi lenders rather than banks. And because interest rates in DeFi depend on supply and demand, higher interest rates like the 20% we see on Tradfi credit cards now would likely attract lots of lenders, which would naturally push crypto credit card interest rates down."