After watching the interview, it turned out that the last straw that crushed Infini was the refund being stuck: I wanted to gradually shut down this business in May, and the core reason was that our refund process for this card was very slow at that time. Generally speaking, a normal international card refund takes about one to two weeks, but some of our refunds have already taken four weeks, a month, or even a month and a half. We also repeatedly urge upstream channels, but they just can't get back down. We are bombarded with such customer complaints every day, and we are actually very helpless because we are in the downstream of the industry. Apart from urging upstream channels, we have no way to do anything and are powerless. It's not difficult to become a U-card company. Anyone with money, time, and patience can do it, and the threshold is not high. If you want to comply, of course you have to spend money; But if we don't comply, actually everyone can do it. Essentially, you only need to have a hosting company and find an upstream provider to provide a deck API. Once you connect to the API, you can open the card. Almost all cards on the market now do this, but no one knows how many layers there are in the upstream. Some may directly cooperate with the card group, while others may have layered intermediaries, like onions, and can even be infinitely stacked. For example, we can actually make an API open to you, and you can also make another API open to others. I have been working on U-cards for several months and the more I do, the more I feel that Infini is reversing history in the U-card business. Personally, I hope to break through traditional payment barriers, but U-cards convert stablecoins into USD, transfer it to the bank, and then users go back to the old path of traditional financial payments. This is also the reason why I have made up my mind not to do it anymore. For example, the issue of refunds mentioned earlier is very internal, and U-cards have not changed any logic in this industry. They are just a traditional payment solution, not the ultimate solution. The ultimate solution for the future is to directly accept stablecoin payments. https://www.theblockbeats.info/news/58654