Ready's encrypted credit card was shut down as a result of the collapse of Kulipa

On 31 July, according to The Defiant, the autonomous custodian wallet Ready (formerly Argent) closed its encrypted credit card project on Wednesday, as the issuer Kulipa suddenly closed and the co-founder Itamar Lesuisse posted on platform X, stating that no advance notice had been received, that the eligible card subscriptions would be automatically refunded and that the user ' s assets would not be affected by the fact that Ready ' s wallet was of a hosting nature. Kulipa is known to have built cards for about 20 encrypted wallets and financial technology companies. The collapse affected more than Ready, and Solflare's wallet indicated on Tuesday that his card had also stopped working. Ready and Solflare's cards were designed to be debited from the user's wallet at the time of purchase, so that Kulipa did not hold the customer balance at the time of its collapse. The $6.2 million seed ship financing, co-financed by Florish Ventures and 1kx, was completed by Kulipa four months before its collapse。