Solflare Card suspends services due to issuer Kulipa's closure; user funds remain safe and the new version will be launched in a few weeks.
According to ChainCatcher, Solflare crypto wallet co-founder Vidor stated on X that Solflare Card service has been suspended due to card issuer partner Kulipa ceasing operations over insolvency issues. Vidor emphasized the safety of user funds, as Solflare Card uses an end-to-end self-custody model—cards deduct directly from users' wallets, without requiring deposits or recharges, and no user funds are held by the issuer.
The team previously tried to help Kulipa find a buyer and explore continuation plans, but without success. A new version of Solflare Card is under development, which will integrate with Apple Pay and Google Pay, offer higher limits, cashback, and will continue to maintain self-custody. It is expected to launch within a few weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Supply disruptions ease, oil market bears “swiftly gather”: Brent put option bets surge to unprecedented levels
Oil traders are flocking to buy options, betting on a decline in Brent crude. As investors reposition after a sharp rise in oil prices over the past few trading sessions, bearish bets have surged to unprecedented levels.
Bridgford Foods VP Richard Eugene Bridgford acquires USD 2,054.5 in common shares
New York Federal Reserve official: U.S. Treasury purchases have no preset path, will closely monitor financing market pressures in October
Lorie K. Logan, head of the New York Fed's Markets Group, stated that the Federal Reserve will continue to assess the reserve levels within the banking system. The purchase of U.S. Treasuries for reserve management does not follow a predetermined path and may be adjusted in the future based on market conditions.
Crypto prices
More
