Why Did China’s Most Popular Crypto Card Suddenly Shut Down?

Infini, once the issuer of China’s most popular crypto card U Card, abruptly shut down the service citing unsustainable compliance costs, zero revenue, and high operational burdens. Despite previous growth and unique features like low fees and yield on card balances, the company admitted the consumer-facing card business was unviable. The move highlights deep structural challenges in the crypto card industry despite continued interest from firms like Coinbase and RedotPay. Read More