Solflare pauses card on July 28, 2026 after Kulipa wind-down
Card services were suspended after Kulipa ceased operations over solvency issues, while Solflare says user funds remain safe and a revamped replacement with added features could arrive within weeks.
Solflare suspended its card service after partner Kulipa ceased operations because of solvency issues, interrupting the spending rail but not customer balances. The self-custodial card spent USDC directly from users’ Solana wallets, and Solflare said funds remain safe under that structure. Both virtual and physical cards had already stopped, while the wallet, portfolio, staking, swaps and open Borrow positions remain accessible. Existing cards will not transfer to the replacement program, subscription auto-renewals tied to the card will stop, and users may need to complete a new round of KYC when a new issuer goes live. Solflare had previously targeted an August 2026 relaunch; co-founder Vidor now says a new version is expected within weeks with Apple Pay, Google Pay, higher limits and cashback, though final network, fees, limits and rewards details have not been confirmed.
- self-custodial: A setup in which users keep control of their own funds rather than handing custody to a provider.
- KYC: Short for know-your-customer, the identity checks financial firms use before offering services.
- solvency issues: Financial trouble that leaves a company unable or at risk of being unable to meet its obligations.