1inch Shuts Down Its Card Product and Sets December 18 Withdrawal Deadline

WHY IT MATTERS

Some crypto companies offer payment cards that let you spend your crypto like regular money at stores and online. Think of it like a prepaid debit card, but funded with cryptocurrency instead of dollars. 1inch, which is primarily a tool that helps people swap one cryptocurrency for another at the best available rate, had offered such a card. Now they are shutting it down. If you had money loaded onto this card, you need to move it out before the deadline, similar to how you would need to empty a prepaid card before it expires. This is a reminder that crypto services can be discontinued, and it is important to keep track of where your funds are stored.