Infini Lianchuang: The reason for removing the business is that the compliance cost of to C card is extremely high and the profit is thin
6 hours ago
Odaily News Infini Lianchuang (@0xsexybanana) posted on the X platform: 1. Infini will no longer do to C card business. The reason is that the compliance cost is extremely high, the profit is extremely thin, and the operation is extremely heavy. (Oh, I forgot that it is easy to be laughed at by others for the bottom of the industry) We have made strategic adjustments and removed the to C card business. At present, the to C card business occupies 99% of the time and cost, and contributes 0 income. 2. Financial management, deposit and withdrawal are normal. Financial management and asset management business have become the focus. The financial management Yu'ebao function is stable at about 5% apr. 3. The current path of crypto card is still offramp ut and uc and then realize the payment path from stable to fiat through the traditional payment network. It is too tortuous, too long, and too expensive. Without subsidies, it is difficult to match the rate and cashback of web2. And I have always said before that u card is not the final solution for web3 pay with stablecoin. It is a bit like apple nano was finally replaced by iphone. 4. The company has not changed, the team has not changed, and the brand has not changed. I have been following the old U-card path for a year like Teacher Yishi, and I found that it is still not worth doing. When I first started infini in July last year, I learned a lot from Teacher Yishi, but after a year, the conclusions are the same. I feel very emotional. 5. At present, infini is a centralized product. We will fully embrace decentralization in the future. Think about embracing decentralized payment solutions. We will definitely not follow the old centralized path.
最热快讯
资讯热榜
日榜
周榜
Nick Timiraos: Without tariff risks, the Fed would have been ready to cut rates this week as inflation improved
Binance Alpha Launches BOMB
Dragonfly Partner: Token listing is a new trend, but the "money boom" will not last forever
South Korean actress Hwang Jung-eum embezzled company funds to invest in cryptocurrencies and has now returned the money in full
Justin Sun: TRON's "MicroStrategy" transaction volume exceeds Alibaba and Tencent
SPK opened at $0.0645 on Binance spot