加密支付公司Kulipa突然倒闭，累计发卡12万张，影响包括Ready、Solflare在内的20个合作方

Odaily News: According to community reports, Kulipa, a crypto payment company that previously raised $6.2 million in seed funding, has abruptly shut down. The company had issued a total of 120,000 crypto payment cards and served 20 clients. In April this year, after completing its $6.2 million funding round, the company told the media that its monthly growth rate had reached 70%. Public information is organized chronologically as follows:

- December 2025: The funding round quietly concluded. In the same month, the Bank of Lithuania fined their card issuer Monavate 270,000 euros and prohibited it from continuing to serve them.

- January 2026: Kulipa's peak month, with Paymentscan tracking $9 million in transaction volume on related payment cards.

- April 1: Announced the completion of its funding round, claiming a monthly growth rate of 70% and listing the United States as the next target market.

- June 16: @KulipaXYZ switched to an issuer that only serves Europe. @ready_co cut off all user channels outside the European Economic Area (EEA) with only about one hour's notice.

- July 22: Ready informed users that their current payment cards would be deactivated as the company was transitioning to a new issuer.

- July 28: @solflare stated that its payment cards were discontinued that day, noting that its partner was gradually winding down due to solvency issues — "the debt was too heavy."

- July 29: Ready's payment card program also ceased operations, with the company saying "we received no notification."

Previously, Kulipa's transaction volume peaked in January this year. By June, it had fallen to $4.14 million, and in July — the month the payment cards ceased operations — it stood at $1.84 million. Ready alone lost 42% of its transaction volume in June, right after the EEA cutoff. Solflare took almost no action until the day its cards became invalid. Amid the misfortune, no user funds were lost. This was not sheer luck, but rather because both companies' payment cards drew funds directly from user wallets at the point of purchase, meaning there were never any funds held by the card issuers that could be frozen.