Nium Shuts Down Cypher Crypto Cards After Acquisition

Nium has announced that it will be shutting down its Cypher crypto cards following its acquisition. The shutdown affects all users, and spending on these cards ceased on August 8th. In a separate statement, users were informed that they have until September 6th to withdraw their USDC balances and claim any CYPR rewards.

No official reasons for the shutdown were provided by Nium. However, it is worth noting that investments in digital assets can be risky, and users are advised to evaluate their risk tolerance based on their own financial circumstances.