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

Odaily Planet Daily News Infini Lianchuang (@0xsexybanana) posted on the X platform: 1. Infini will no longer do the 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 the industry bottom) We have made strategic adjustments and removed the to C card part of the 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 that u card is not the ultimate solution for web3 pay with stablecoin. It's a bit like the Apple Nano was eventually replaced by the iPhone. 4. The company, team, and brand have not changed. Like Teacher Yishi, I have been following the old U-card path for a year and found that it is still not worth doing. When I first started Infini in July last year, I learned a lot from Teacher Yishi. As a result, 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.