POPA ReconLast week, Kulipa shut down, and 120,000 crypto cards stopped working overnight
Last week, Kulipa shut down, and 120,000 crypto cards stopped working overnight Most holders had never heard of Kulipa. That's the catch: you don't choose the company that actually issues your crypto card. A handful of invisible issuers power the cards you use every day: MetaMask (Baanx), Phantom (Bridge), Ledger, Bitget Wallet, and more. And the layer is consolidating fast: Stripe bought Bridge ($1.1B), Mastercard bought BVNK ($1.8B). The strong get acquired — the weak, like Kulipa, brick their partners' cards and disappear. Your card is only as alive as its issuer. Here's who's really beh…
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