Solflare Card has been suspended after Kulipa, the card-issuing partner behind the product, stopped operating because of solvency issues, according to a post on X by Solflare co-founder Vidor. He said user funds remain safe because the card runs on an end-to-end self-custody model: charges are deducted directly from users’ wallets, with no need to preload funds or top up balances, and no customer assets are held by the issuer. Vidor also said the Solflare team had tried to help Kulipa find a buyer and explored ways to keep the service going, but those efforts did not succeed. A new version of Solflare Card is already in development and is expected to launch within weeks. The upcoming version will keep the same self-custody structure while adding Apple Pay, Google Pay, higher spending limits, and cashback features.
Solflare Card has been suspended after Kulipa, the card partner behind the product, stopped operating because of solvency issues, Solflare co-founder Vidor said in a post on X.
Vidor said user funds are safe. He described Solflare Card as an end-to-end self-custody product, with card payments deducted directly from a user’s wallet. There is no deposit or top-up requirement, and no user funds are held by the card issuer.
He also said the team had worked to help Kulipa find a buyer and had explored options to continue the service, but those efforts did not lead to a solution.
A new version of Solflare Card is now in development. According to Vidor, it will keep the self-custody model and add Apple Pay, Google Pay, higher limits, and cashback. The release is expected within weeks.
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