Let’s cut to the chase.
Three major crypto card services just pulled the plug. If you’re holding one of these cards, you need to know what happened and what to do next.
The Domino Effect Starts
Infini Quits Overnight
June 17th, midday. Infini drops a bomb.
All cards frozen. Global, Lite, Tech – dead on arrival. No new applications, no existing transactions.
They’re refunding card fees within 10 business days. Pending refunds will hit your account in 5-21 days.
Your crypto balance is safe. But your card? Gone.
The Real Reason They’re Bailing
Infini’s co-founder “Junzhu” spelled it out in brutal honesty.
The business model doesn’t work.
Compliance costs are insane. Profit margins are razor-thin. Operations are a nightmare.
You think you’re paying 1-2% transaction fees? Think again.
Card issuance fees. Exchange rate losses. Deposit friction. The real cost? 3-5%.
Traditional credit card giants like Visa and Mastercard crush U-cards on volume. They get better rates because they process billions.
U-cards can’t compete on small transactions. Unless companies burn cash on subsidies, regular users won’t touch them.
WildCard Pivots Hard
WildCard saw the writing on the wall.
They rebranded to WildAI in September 2025. Killed the virtual card business entirely.
Now they’re selling AI subscription services. ChatGPT Plus, Claude Pro – you pay with WeChat or Alipay, they handle the overseas payment.
Smart move? Maybe. But their old card users are still stuck with withdrawal restrictions.
Dupay Throws in the Towel
November 30, 2025. Dupay shuts down completely.
Servers off. Service terminated. Game over.
Their official statement blamed compliance issues and capital flow barriers. Problems they couldn’t solve, no matter how hard they tried.
If you still have funds in Dupay, get them out now.
Why U-Cards Keep Failing
Let me break down the ecosystem for you.
A U-card needs six layers to function:
Card Networks like Visa and Mastercard set the rules. They run the global payment infrastructure.
BIN Providers like Evolve Bank give out the bank identification numbers. That’s the first six digits on your card.
Issuing Institutions like REAP or Airwallex create your account, handle KYC checks, hold your fiat money, and process settlements.
Card Program Managers like Bybit Card or Bitget Card design the product, run user operations, build APIs, and manage risk.
Crypto-Fiat Exchange Services like MoonPay or Circle convert your USDT into dollars.
Card Production & Tech Integration providers make the physical cards or build the virtual card APIs.
Six layers. Six points of failure.
Every layer needs to stay compliant. Every layer takes a cut. Every layer can shut you down.
The Compliance Death Trap
Here’s what killed these companies.
Regulators are cracking down hard on crypto payment rails. Banks are nervous. Card networks are pulling back.
Getting licensed is expensive. Staying licensed is even worse.
KYC requirements keep getting stricter. Transaction monitoring costs keep rising. One regulatory notice and your BIN provider can cut you off.
Most U-card companies operate in gray zones. They’re not technically illegal, but they’re not fully compliant either.
That’s not sustainable.
What You Should Do Right Now
If you’re using any U-card service, here’s your action plan:
Withdraw your funds immediately. Don’t wait for announcements. Don’t assume your service is safe.
Check your pending transactions. Make sure refunds are processed.
Screenshot your account statements. You’ll need proof if something goes wrong.
Stop relying on U-cards for critical payments. They’re too unstable.
The Solution: Pikabao Virtual Card
While old players are dying, new solutions are emerging.
Pikabao Virtual Card is built differently.
They learned from the failures. Better compliance infrastructure. More stable banking partnerships. Lower operational overhead.
You can open a card in minutes. Fund it with crypto. Use it anywhere Mastercard is accepted.
More importantly, Pikabao focuses on sustainability over growth. They’re not burning investor money on subsidies. They’re building for the long term.
Ready to switch? Get your Pikabao card here: t.me/pikabaobot?start=5e228275-4
The Future of Crypto Payments
Let’s be real about what’s coming.
Pure U-card businesses are dead. The model doesn’t work.
The winners will be companies that integrate crypto payments into broader financial ecosystems. Not standalone card services.
You’ll see more hybrid solutions. More direct merchant integration. Less reliance on traditional card networks.
Stablecoins might bypass cards entirely. Why convert USDT to USD to spend when merchants can accept USDT directly?
What This Means for You
If you need a virtual card for overseas payments, your options are shrinking.
The survivors will have better compliance but higher fees. That’s the trade-off.
Or you can choose platforms like Pikabao that balance both.
The crypto payment revolution isn’t dead. It’s just getting more mature.
The wild west days are over. The companies that survive will be the ones that play by the rules while still serving users effectively.
Final Thoughts
Three major U-card services shut down in months.
That’s not a coincidence. That’s a trend.
If you’re still using virtual cards for crypto spending, pay attention. The industry is consolidating.
Weak players are getting wiped out. Only the strongest will remain.
Choose wisely. Withdraw carefully. Don’t get caught holding the bag when the next service shuts down.
The U-card experiment taught us valuable lessons. Now it’s time to build something better.
Get started with a reliable solution: t.me/pikabaobot?start=5e228275-4
