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The Cardify Wire
Neobank News
Everything moving across crypto cards and neobanks, filed as it happens and backed by our own testing.
Press releaseSep 10, 2026
Visa Powers 160+ Stablecoin Cards and Launches Onchain Settlement Loans
Visa announced on September 8 that it now supports more than 160 stablecoin card programs, with card spending up nearly 200% year over year. The payment giant is also launching smart contract working capital tools with Credit Coop so issuers can fund card settlements automatically.
Send just released their card today, and here are my first impressions
The Send Card is a great card with little to no hype perks; However, just a little bit of work on it will go a long way.
Rating: 6/10
This is a card I was excited for, and so when I saw their announcement, I love Wirex in general, and so I signed up quickly. I probably won't be making the switch over.
- The UI is great, and that was what we all expected
- The app works intuitively; the process of grabbing my card was easy.
- Good investment options, + RWA stocks, + CUSD deposit option
- Self-Custody (sort of, you top up the card separately)
- US Bank transfer availability.
- Too much KYC (Mobile number, ID, Proof of address, ugg, Facial scan), then had to do the - KYC again for Bank Transfer?
- Lack of docs detailing the card
- Glitches in topping up to my card
- No cashback
- 2.2% FX fee.
I tested it out tonight; my wife wanted chocolate at 10 pm, so I took a trip to the gas station and bought this Cadbury chocolate for R29.90.
VISA rate is R29.99 = $1.87.
Send Card rate was R29.99 = $1.92 - a 2.2% FX fee added
The app claims a $0.00 fee, which isn't true. Nowhere do I see documents showcasing the card's details and its fees.
That being said... The card is barely a few hours old, so I'll give this another test in the coming weeks.
Stablecoin Neobank Fasset Secures $68M at $1B Valuation
Fasset raised $68 million in Series C funding led by SBI Group, hitting a $1 billion valuation. The stablecoin-focused neobank is expanding its global payment rails and digital banking features.
MEXC officially rolled out its Global Card, allowing users to spend crypto globally at Visa or Mastercard merchants. The exchange claims eligible purchases can earn up to 10% cashback.
OKX pushes card perks with 2% cashback and yield boost
OKX is highlighting updated card perks including 2% cashback, up to 3.5% APY via Pay Boost, and monthly subscription discounts on eligible merchant purchases.
Avici Solana Neobank Hit by $600K Wallet Drain Incident: What It Means for Self-Custody Cardholders
Breaking: Major Neobank exploited as hacker drains over $650,000 from Avici.
Avici is a Solana neobank targeted with over $650K drained from user card collateral accounts.
Cross-border stablecoin neobank Nxos joined the YZi Labs accelerator program. The platform combines fiat and stablecoin balances into a single account and routes crypto payments directly to bank accounts and payment cards.
The crypto industry has spent over a decade drilling one golden rule into everyone's heads: not your keys, not your coins. Somehow Neobanks ignore this.
Uphold Card Breakdown Reveals Catch On 1 Percent Cashback
Analysis of the Uphold Crypto Card shows that its 1 percent cashback in GBP only applies to purchases funded directly from fiat GBP balances. Transactions funded with crypto or metals earn zero cashback, alongside a 500 GBP monthly cash withdrawal limit.
Visa Joins Singapore Project To Pilot 7-Day Stablecoin Settlement With Nium
Visa joined Singapore's stablecoin initiative to pilot seven day settlement in partnership with Nium. The move comes as Nium expands domestic card issuance in the US alongside its global footprint across Europe, the UK, and Asia.
Visa searches for multi-region stablecoin settlement partner after Mastercard buys BVNK
Visa is reportedly hunting for a new stablecoin settlement provider with multi-regional licensing capabilities. This follows Mastercard acquiring BVNK, escalating an infrastructure battle between card networks to power back-end crypto debit card settlement.
Wirex Banking-as-a-Service doubled its annualised transaction volume to $2 billion in 110 days. The platform has signed over 70 partner clients since launching its stablecoin infrastructure in late 2025.
Fasset hits $1B valuation after pulling $68M from SBI Group
Stablecoin neobank Fasset secured $68 million in Series C funding led by Japan's SBI Group, bringing its total 2026 raise to $119 million and valuation to $1 billion. The digital bank uses stablecoins on an Ethereum Layer 2 to power crypto cards and bank account transfers across 50 payment corridors.
Aconomy Card launched its payment card product, letting users top up with crypto and automatically convert their balance to local fiat at the point of sale.
OKX Card reports 280% purchase volume surge in Europe
OKX Card purchase volume has risen 280% year over year across Europe. European consumers are using the card primarily for everyday purchases such as groceries and public transit.
Oobit expands crypto payments to Vietnam via VietQR
Oobit has teamed up with Web3 payment infrastructure provider AEON to enable crypto payments across Vietnam's VietQR network. Users can now scan local VietQR codes at merchants to settle payments instantly using their crypto balances.
Stablecoin card infrastructure startup Rain reports that over 100,000 merchants process stablecoin transactions via existing card rails without specialized integration. The firm is now developing card payment rails specifically designed for AI agents to spend balances.
Kast Reduces Base Tier Rewards and Raises Staking Requirements
Kast Card has updated its cardholder terms, reducing baseline cashback from 2% to 0.5% for non-staking tiers. To maintain higher cashback rates, users must now lock up significantly more platform tokens. The changes take effect immediately for all active cardholders.
RedotPay Obtains Regulatory Approval to Launch in the US
RedotPay has officially secured US regulatory approvals, allowing the popular crypto card provider to expand into all 50 states. The move allows US residents to spend stablecoins and crypto at point-of-sale terminals via virtual and physical Visa cards. This represents one of the biggest US market entries for a global crypto card provider this year.
Jupiter has officially launched its Solana debit card, enabling instant settlement directly from non-custodial wallets. The card advertises zero processing fees and automated yield-to-spend routing. Initial rollout covers select European and Latin American regions.
Nexo Card introduces Tier 3 KYC requirements for heavy spenders
Nexo has updated its credit and debit card terms to mandate Tier 3 proof-of-funds verification for monthly spending above $2,500. Users failing to provide tax returns or bank statements will face card lockouts. The policy aims to align with incoming EU AMLD6 guidelines.
Rain launches Agentic Payments Alliance with Visa, Mastercard, Circle
Rain (Visa and Mastercard Principal Member) announced the Agentic Payments Alliance on 18 Aug. Founding names in the PR: Visa, Mastercard, Fiserv, Circle, Solana, Remitly, Lithic, Fireblocks, Chainalysis, Uniswap Labs, Shift4, and others (25+). Charter is agent identity, authorization, fraud, loyalty. Rain cites its Agent Control Layer and Scoped Cards. Rain says it issues cards at 175M+ merchants in 200+ countries and is used by 100+ orgs. Alliance is a coalition, not a shipped product.
Krak, Kraken's payments app, launched its Visa debit card for eligible US residents on 18 Aug 2026. Issued by Lead Bank, powered by Stripe Issuing. Up to 2% cashback in USD or BTC, 600+ assets, no monthly or annual fee. Not in New York, Maine, Massachusetts, or Indiana. Balances are not FDIC or SIPC insured. Cardify has not live-spent the US BIN. Do not paste the European 0% FX claim onto this product.
Krak's "up to 2%" is $50k of assets, or 0% under $200
Krak's own US cashback table (support.krak.app) is the story under the launch headline. 2% needs a $50,000 30-day average across Krak, Kraken and Kraken Pro. Then 1.5% from $10k, 1% from $1k, 0.5% from $200, and 0% below $200. New cardholders get top-tier for 30 days, then the rolling average takes over. Cashback locks in at merchant settlement, not tap.
Krak Card launches in the US. Here's what they claim on fees and cashback.
Krak's US Visa debit is live. They do not claim 1:1 USDT to USD. Crypto spend carries a variable spread. Foreign-currency taps get the Visa rate plus 1%. Cashback is up to 2%, and 2% needs a $50k 30-day average.
Cashinout.io Review: Why This Crypto Wallet is a Major Red Flag
Cashinout.io looks amazing. You will find a busy Telegram bot. It looks ready for new users. Dig deeper, read past the marketing, and look at the real user experiences. The risk level is exceptionally high. Let me show you why this platform is highly likely to be a scam.
Binance Sues RedotPay for $473 Million. Here's Why
Binance just opened a $473 million lawsuit against the RedotPay founders. After reading it, this is less David and Goliath and more a warning shot about breaking the rules.
I Put $10 Into 8 Crypto Cards in South Africa. Here Is What They Actually Cost
Eight crypto cards, one R23.99 packet of chips, and a mid-market benchmark of $1.48. Here is the real FX spread, cashback and KYC reality behind every card.
Avici Solana Neobank Hit by $600K Wallet Drain Incident: What It Means for Self-Custody Cardholders
Breaking: Major Neobank exploited as hacker drains over $650,000 from Avici.
Avici is a Solana neobank targeted with over $650K drained from user card collateral accounts.
The crypto industry has spent over a decade drilling one golden rule into everyone's heads: not your keys, not your coins. Somehow Neobanks ignore this.
Krak Card launches in the US. Here's what they claim on fees and cashback.
Krak's US Visa debit is live. They do not claim 1:1 USDT to USD. Crypto spend carries a variable spread. Foreign-currency taps get the Visa rate plus 1%. Cashback is up to 2%, and 2% needs a $50k 30-day average.
Cashinout.io Review: Why This Crypto Wallet is a Major Red Flag
Cashinout.io looks amazing. You will find a busy Telegram bot. It looks ready for new users. Dig deeper, read past the marketing, and look at the real user experiences. The risk level is exceptionally high. Let me show you why this platform is highly likely to be a scam.
Binance Sues RedotPay for $473 Million. Here's Why
Binance just opened a $473 million lawsuit against the RedotPay founders. After reading it, this is less David and Goliath and more a warning shot about breaking the rules.
I Put $10 Into 8 Crypto Cards in South Africa. Here Is What They Actually Cost
Eight crypto cards, one R23.99 packet of chips, and a mid-market benchmark of $1.48. Here is the real FX spread, cashback and KYC reality behind every card.