Bullish

Ready Crypto Card Program Suspended Following Issuer Kulipa Shutdown

2026-07-31 09:46:45

Self-custody wallet Ready halts crypto credit card services after issuer Kulipa ceases operations abruptly. Subscriptions refunded automatically; user assets remain secure in wallets.

Woofun AI reports that self-custody wallet Ready has suspended its crypto credit card program following the abrupt cessation of operations by issuer Kulipa. Eligible subscriptions are receiving automatic refunds, while user assets remain secure due to the self-custody architecture. Kulipa, which provided card infrastructure for approximately 20 crypto wallets and fintech firms, also impacted Solana wallet Solflare, whose card services stopped functioning. Since both Ready and Solflare cards deduct funds directly from user wallets at purchase, Kulipa held no customer balances at the time of shutdown.

WOOFUN AI

Impact Assessment · Quick Read

The sudden exit of Kulipa highlights the operational risks inherent in relying on centralized issuers for crypto-native payment products, even when asset custody remains decentralized. While immediate financial loss is mitigated by direct wallet deduction models, the disruption affects user experience across multiple platforms, including Solana-based services. This event may prompt wallets to seek more resilient or diversified card partnerships to ensure service continuity.
Generated by WOOFUN AI · For reference only, not investment advice

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