Cypher and Osmosis cardholders face shutdown: final spending day is Aug 7
Crypto card providers Cypher and Osmosis are ending services, with Aug 7 as the last day for spending.
Crypto debit card services from Cypher and Osmosis are shutting down, and Aug 7 is the final day cardholders can make purchases, according to an announcement reviewed by CryptoSlate.
The discontinuation affects spending immediately, while other steps such as withdrawing funds, claiming rewards, and ensuring wallet access must be completed before a later cutoff date. The message warns that users who don't take action could lose access to unbacked wallets.
What cardholders should do
- Complete all spending by Aug 7.
- Withdraw remaining balances and claim rewards before the later deadline.
- Follow any wallet-access steps to avoid losing funds.
The exact final date for withdrawal and access steps was not fully detailed in the announcement, but the urgency indicates that cardholders should act quickly.
This development is the latest in a series of crypto payment card product changes as providers adjust their offerings.