Cypher Card Users Face Final Spending Deadline Amid Nium Acquisition
Cypher and Osmosis card users are facing an impending deadline. All active Cypher Cards will stop working for purchases at 00:00 UTC on August 8, making August 7 the final day for spending.
The wind-down affects both physical and virtual Cypher Cards, as well as business cards. Osmosis Pay cardholders are also included in the wind-down, with no regional exceptions mentioned. The companies have announced that customer funds are safe and available for fee-free withdrawal.
Cypher users can withdraw their card balances by opening the app, selecting options, and choosing to withdraw the balance. Withdrawals use USDC settlement on Base and may take 24-48 hours to reach a wallet. Business users can also withdraw remaining balances through the business platform before it closes.
Cypher advises users to back up or export recovery credentials and verify access through a compatible alternative wallet before its app disappears. The company has not specified the exact time or timezone for the September 6 cutoff, but recommends completing offboarding steps before then to avoid relying on a partial fallback.