Infini Union: Strategic Adjustment Due to High Compliance Costs and Thin Profits, Focus to Shift Towards Wealth Management and Asset Management

BlockBeats reported on June 17 that Christine, the co-founder of Infini, announced on social media, "Infini officially ceases its crypto card business targeted at individual users (To-C) due to high compliance costs, thin profit margins, and operational complexities. Although this business consumed roughly 99% of the company's resources, it did not generate substantial revenue and has been strategically divested.

We will shift our focus to wealth management and asset management services. Currently, Infini's wealth management products offer an annualized return of approximately 5%, with deposit, withdrawal, and other related functions fully operational.

Moreover, the current implementation of crypto cards in the market relies on complex off-chain settlement systems, resulting in high costs, lengthy processes, and a competitive disadvantage compared to the cost structure and user experience of Web2. This does not align with Infini’s vision of a Web3 payment endpoint."

Previously, it was reported that Infini announced the official discontinuation of its Infini Card services today, including Global Card, Lite Card, and Tech Card, all of which will be suspended from use and new applications starting immediately. While card services are terminated, core functions such as deposit, withdrawal, and Earn returns will remain unaffected and fully operational.