TechFlow, June 17 — Today, Christine, co-founder of Infini, announced the shutdown of all card services and revealed the main reasons behind the decision: extremely high compliance costs, extremely thin profit margins, and excessive operational burdens. Christine disclosed that the consumer-facing card business consumed 99% of the company's time and resources, yet "generated zero revenue." She also pointed out that the current crypto card path is overly complex, lengthy, and expensive, making it difficult to match Web2 pricing and cashback rates without subsidies.
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