Ready, the self-custodial wallet formerly known as Argent, shut down its card program on Wednesday after its issuer wound down without warning, co-founder Itamar Lesuisse said in a post on X.
"We were given no notice, so if you were relying on the card today, you found out at roughly the same time we did," Lesuisse wrote. Eligible card subscriptions will be refunded automatically, he said, and user assets are unaffected because Ready wallets are self-custodial.
The issuer is Kulipa, the Paris-based startup that built card programs for roughly 20 crypto wallets and fintechs. Its failure took down more than Ready: Solflare, the Solana wallet, said on Tuesday its card stopped working the same way. "Our card issuing partner Kulipa is winding down due to solvency issues," Solflare co-founder Vidor Böjthe wrote. "The debt was too deep and the company essentially collapsed."
Kulipa had raised a $6.2 million seed round co-led by Flourish Ventures and 1kx, with White Star Capital and Fabric Ventures, on April 1 — four months before it collapsed.
Kulipa did not reply to a request for comment from The Defiant by publishing time.
