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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.

New launchOct 27, 2026

Stripe just switched on stablecoin offramps to local bank accounts in 9 currencies

Stripe Crypto announced on 26 Oct 2026 that businesses can now offramp stablecoins (OUSD, USDC and others) to local bank accounts in nine currencies: USD, EUR, GBP, MXN, BRL, ARS, COP, PHP and NGN. Stripe routes the payouts over local payment networks, including Pix in Brazil, Faster Payments in the UK and NIP in Nigeria.

Is crypto card cashback worth it? Cover with a card terminal and four tested crypto cards: EtherFi, Bitget Wallet, Coca and Bybit

Guide · October 26, 2026 · 7 min read

Is Crypto Card Cashback Worth It? The Math From 8 Cards I Tested

Bybit pays 2% cashback and Coca pays 1%, yet Coca was cheaper on the same packet of chips. Here's the cashback minus spread math from 8 cards tested.

Read Article
New launchOct 8, 2026

MoonPay introduces virtual MoonAgents Mastercard for AI and users

Financial IT reported MoonPay is launching the MoonAgents Card, a virtual Mastercard debit card built for both human users and automated AI agents. The card allows programmatic spending directly from crypto wallets. Cardify Crypto will test setting up automated spending limits and testing transaction approvals on virtual Mastercard rails.

New launchOct 7, 2026

MetaMask and Mastercard launch self-custody card across 49 US states

Consensys and Mastercard have officially launched the MetaMask Card across 49 US states. The card allows users to spend crypto directly from self-custodial wallets at Mastercard merchants without transferring funds to a centralized balance beforehand.

New launchSep 30, 2026

Jeeves raises $110M and expands stablecoin card coverage to 35 countries

Corporate neobank Jeeves raised $110 million in fresh equity funding on September 29, 2026. The company is scaling its stablecoin card program from 25 to 35 countries, expanding into Latin American markets like Argentina, Peru, and Uruguay.

New launchSep 29, 2026

Limited raises $19M seed round for business crypto neobank

Crypto banking platform Limited closed a $19 million seed round on September 28, 2026. The capital targets treasury services and card products built specifically for crypto businesses and DAOs.

New launchSep 27, 2026

BIX plans 49-state US expansion for self-custody Visa card

BIX announced plans to expand its self-custody Visa card program from 29 to 49 US states over the next six to eight months. The company is also building virtual accounts to link stablecoin balances directly to ACH, SEPA, and SWIFT networks.

UpdateSep 27, 2026

How does a self-custody Neobank legally rug its users? This is a WARNING.

200+ Neobanks were made this year, and Whop just built the pumpfun version of a Neobank. That means abuse will be easy. There's simple moves for Neobanks to take to scam their users.

How does a self-custody Neobank legally rug its users? This is a WARNING.
New launchSep 26, 2026

Whop Builds Out In-House Card Issuance for Internet Businesses

Whop CEO Steven Schwartz pointed to Whop building infrastructure for internet creators and businesses, including native card issuance, payout routing, and ad financing within one dashboard.

UpdateSep 26, 2026

DigiTap Crosses 10,000 Crypto Cards Issued

DigiTap announced on September 26, 2026, that it crossed 10,000 crypto cards issued. The milestone comes right before the platform lists its TAP token on exchanges.

Hack alertSep 24, 2026

Bitget Wallet Drained of $350 Million On 8th Birthday

The Bitget Wallet Hack has a twisted irony to it. Today is Bitget's 8th Birthday, and this is the 8th-largest crypto hack/loss ever, beating Wormhole and sitting behind FTX. The Bitget team just confirmed that a total of $351.6 million was drained from hot and warm wallets in unauthorized transfers. They've also confirmed that funds are safe with their $464M user protection fund, which will cover the losses. Withdrawals should be back on soon. The Bitget team just confirmed the total $351.6 million was drained from hot and warm wallets in unauthorized transfers. they've also confirmed that funds are safe with their $464M user protection fund which will cover the losses.

Bitget Wallet Drained of $350 Million On 8th Birthday
New launchSep 23, 2026

Rain introduces real-time funding for self-custody crypto cards

Rain introduced real-time funding for its crypto card platform on September 22, 2026. Users connect a self-custody wallet directly to the card and approve spending limits, allowing card transactions to draw directly from wallet balances without pre-loading funds.

UpdateSep 23, 2026

What Happens If Rain.xyz (or Wirex) Shuts Down?

What Happens If Rain.xyz (or Wirex) Shuts Down? Rain is the largest crypto card provider right now, and it's not even close. Rain alone issues cards to over 130 "Crypto Neobanks." These are the guys selling spades during the crypto card gold mine. But what happens when regulation changes, or something goes wrong on the back end? What happens when Rain or Wirex shuts down?

What Happens If Rain.xyz (or Wirex) Shuts Down?
Breaking newsSep 13, 2026

I signed up to a "No-KYC" crypto card and got... A Slash card in return.

I signed up to a "No-KYC" crypto card and got... A Slash card in return. There's so much to this story, so here we go This was a couple days ago, I paid for the card and when loading it to my Google wallet, I was surprised to see Slash. Typically, these privacy card give a blank black card instead. 3 Notable points in my investigation. 1. I informed the Slash team, and asked for a response. This morning they let me know they've dealt with the "abuser of their platform". I can confirm that card no longer works on my end. Slash CEO response - "1. This is a bad actor abusing our platform trying to "sell" Slash cards issued to their company. "2. As soon as you notified us of this, we found and shut the account down." "3. Every US corporate card platform is a constant target of these platforms." I don't believe Slash were in on this, thanks to the team. 2. The same "No-KYC" signup platform still issues working cards. See image I created a second card through the same platform. Different issuer this time. BIN 49372410 → Sunrate Pte. Ltd. (Visa, Singapore). Confirmed working. So this isn’t Slash or related to them. The platform uses on more than one BIN. 3. How “no-KYC” usually actually works. Most of these products are not “nobody on earth has ever done KYC.” In fact, more often than not it's a KYB abuse system. Note the fact that the card is a business card. - A company / program manager already has a KYC’d business relationship with an issuer. - That business is allowed to issue cards under its program. - The card you receive is framed as an employee / contractor / spend card on that business account. - You, the end user, skip personal KYC because you are not the customer of record. The business is. - Typically, the card would not represent the original issuer (like it did with Slash) instead you'd get a blank black card. I've spoken to many crypto cards, many will offer "No-KYC" under the table. This isn't an isolated issue.

I signed up to a "No-KYC" crypto card and got... A Slash card in return.
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.

UpdateSep 9, 2026

BEST sign-up bonuses for Crypto Cards/Neobanks 2026

These are the BEST sign-up bonuses for Crypto Cards/Neobanks that I can find

BEST sign-up bonuses for Crypto Cards/Neobanks 2026
Important tweetSep 8, 2026

Privy and Stripe Partner to Streamline Stablecoin Card Issuance

Infrastructure provider Privy announced a partnership with Stripe on September 8 to let apps launch self-custodial stablecoin cards. The integration allows teams to accept stablecoin deposits and issue Visa or Mastercard cards directly within their products.

New launchSep 8, 2026

AXON Lands $5M Seed and FINTRAC Approval for North American Neobank Infrastructure

Financial infrastructure provider AXON raised $5 million in seed funding and secured FINTRAC registration in Canada on September 8. The capital will fund multi-rail banking services that connect traditional fiat rails with crypto card settlement.

Important tweetSep 7, 2026

RedotPay defend themselves against Hamas claims

A year ago, did the FBI and DOJ suggest that Hamas recommended RedotPay as a way to send donations to them? This doesn't specifically mean there's evidence that RedotPay itself processed or received those funds... This is RedotPay's response

Cashback updateSep 5, 2026

OKX Card offers 2% cashback for September

OKX Card announced a September campaign offering 2% cashback up to 100 EUR with no monthly or annual card fees. Cardholders earn rewards on everyday swipes.

RegulationSep 5, 2026

Revolut secures conditional OCC approval for US bank charter

Revolut received conditional approval from the OCC for a US banking charter. This allows the neobank to offer FDIC-insured accounts, credit cards, loans, and integrated crypto services natively in the US.

UpdateSep 5, 2026

CoinGecko updates crypto card fee comparison table

CoinGecko updated its top crypto card comparison guide, highlighting fee schedules across providers like Brighty, Rizon, and MetaMask. FX markups outside local regions and ATM fees remain a major cost driver for users.

New launchSep 4, 2026

Ethena expands into crypto neobanking with Ethena Pay

Ethena is launching a consumer neobank app called Ethena Pay. It combines fiat accounts, self-custodial USDe stablecoins, card payments, cashback, and yield savings in one interface.

UpdateAug 31, 2026

Send reveals new Crypto Card

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.

Send reveals new Crypto Card
Press releaseAug 31, 2026

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.

New launchAug 31, 2026

MEXC launches Global Card with up to 10% cashback

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.

UpdateAug 31, 2026

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.

UpdateAug 29, 2026

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.

Avici Solana Neobank Hit by $600K Wallet Drain Incident: What It Means for Self-Custody Cardholders
New launchAug 29, 2026

Nxos Stablecoin Neobank Enters YZi Cohort

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.

UpdateAug 25, 2026

The Big "Non-custodial" Crypto Neobank Lie

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.

The Big "Non-custodial" Crypto Neobank Lie
Cashback updateAug 25, 2026

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.

New launchAug 25, 2026

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.

UpdateAug 25, 2026

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.

UpdateAug 25, 2026

Wirex BaaS Volume Reaches $2 Billion

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.

Press releaseAug 24, 2026

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.

New launchAug 22, 2026

Aconomy Card debuts real-world asset crypto debit card

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.

UpdateAug 21, 2026

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.

New launchAug 20, 2026

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.

UpdateAug 20, 2026

Rain Builds Stablecoin Cards for AI Agents

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.

UpdateAug 18, 2026

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.

Krak Card launches in the US. Here's what they claim on fees and cashback.
UpdateAug 18, 2026

Custodial vs Self-Custodial Crypto Cards. Who Holds the Keys When You Tap.

Who holds the keys when a crypto card is in your pocket. Custodial vs self-custodial, and what happens if the issuer dies.

Custodial vs Self-Custodial Crypto Cards. Who Holds the Keys When You Tap.
UpdateAug 8, 2026

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.

Cashinout.io Review: Why This Crypto Wallet is a Major Red Flag
UpdateAug 6, 2026

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.

Binance Sues RedotPay for $473 Million. Here's Why
UpdateFeb 14, 2026

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.

I Put $10 Into 8 Crypto Cards in South Africa. Here Is What They Actually Cost

More from the newsroom

News · September 27, 2026

How does a self-custody Neobank legally rug its users? This is a WARNING.

200+ Neobanks were made this year, and Whop just built the pumpfun version of a Neobank. That means abuse will be easy. There's simple moves for Neobanks to take to scam their users.

Read Article
Bitget wallet breach summary chart

News · September 24, 2026

Bitget Wallet Drained of $351.6 Million on 8th Anniversary

A hot and warm wallet breach drained $351.6 million from Bitget on its eighth birthday. While the platform's $464 million reserve fund covers the loss, withdrawal freezes highlight the liquidity risks facing exchange balance holders.

Read Article

News · September 23, 2026

What Happens If Rain.xyz (or Wirex) Shuts Down?

What Happens If Rain.xyz (or Wirex) Shuts Down? Rain is the largest crypto card provider right now, and it's not even close. Rain alone issues cards to over 130 "Crypto Neobanks." These are the guys selling spades during the crypto card gold mine. But what happens when regulation changes, or something goes wrong on the back end? What happens when Rain or Wirex shuts down?

Read Article

News · September 9, 2026

BEST sign-up bonuses for Crypto Cards/Neobanks 2026

These are the BEST sign-up bonuses for Crypto Cards/Neobanks that I can find

Read Article
Avici neobank hacked header image showing over $600K drained from user accounts

News · August 29, 2026

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.

Read Article
Your non custodial Neobank is lying

News · August 25, 2026

The Big "Non-custodial" Crypto Neobank Lie

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.

Read Article
The APAC Neobank Growth Hack.

News · August 20, 2026

The APAC Neobank Growth Hack.

Read Article
Official Krak Card US press image. Visa debit, Lead Bank / Stripe Issuing.

News · August 18, 2026

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.

Read Article
EtherFi non-custodial crypto card.

Guide · August 18, 2026

Custodial vs Self-Custodial Crypto Cards. Who Holds the Keys When You Tap.

Who holds the keys when a crypto card is in your pocket. Custodial vs self-custodial, and what happens if the issuer dies.

Read Article
Cashinout crypto card has some major Red Flags

Review · August 8, 2026

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.

Read Article
Binance Pay and RedotPay logos side by side

News · August 6, 2026

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.

Read Article
Eight crypto cards standing on a reflective black surface, tested in South Africa

Testing · February 14, 2026

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.

Read Article