Kulipa

Kulipa issues Visa & Mastercard cards not backed by a bank, using stablecoins held in non-custodial wallets. This service is crucial for people in countries with high inflation like Argentina, Colombia, Nigeria, and Turkey. The company aims to reduce card payment settlement time from days to minutes. Kulipa is led by a team with experience from Mastercard, Google, Meta, and Binance, and has a small, senior engineering team.