Crypto U-cards are in a big way

Written by: TechFlow

once a booming crypto payment card (U-card) business is now facing a contraction.

On June 17, Christine, the owner of Infini, posted on X announcing the end of the consumer-facing crypto U-card business, while also elaborating on the reasons behind it:

high compliance costs, thin margins, and heavy operational burdens.

she admits that the to C card business takes up 99% of the company's time and costs, but brings almost no revenue contribution. This announcement also marks a strategic retreat from Infini's to C card business to focus on wealth management and B-end services.

But 1-2 years ago, the U-card was seen as a breakthrough innovation in the combination of cryptocurrencies and traditional finance.

By supporting stablecoins such as USDT and USDC for direct consumption, U Card quickly attracted users in the crypto circle; At that time, ChatGPT was also just...

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