Ready, Solflare suspend card services after Kulipa bankruptcy

Self-custody wallet Ready and Solana wallet Solflare have suspended their crypto card services after stablecoin card issuance infrastructure platform Kulipa effectively went bankrupt, The Defiant reported. Kulipa had provided card issuance infrastructure to about 20 crypto wallets and fintech companies, according to the report, but is said to have collapsed under debt problems. Ready said user assets are held in self-custody and were not affected, while card subscription fees will be refunded automatically. Solflare said it plans to launch a new card within weeks.