CHAI Corporation to Discontinue 'CHAI Card' Service Following CHAI Pay Shutdown

IconCryptoNewsTerminal Staff02 Sep, 2024

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CHAI Corporation to Discontinue 'CHAI Card' Service Following CHAI Pay Shutdown

CHAI Corporation, a blockchain-based payment company, has announced plans to discontinue its 'CHAI Card' service within this year. The move follows the termination of its 'CHAI Pay' service last year. Effective February 13th, new registrations for CHAI Card through the CHAI app will be restricted. Additionally, support for CHAI Card reissues will end. Starting November 1st, CHAI Pay and CHAI Card payments will be suspended, followed by the suspension of withdrawal of existing prepaid CHAI Money from December 27th. Former CHAI Corporation CEO and founder Shin Hyun-seong is currently on trial as an accomplice to Kwon Do-hyung of Terraform Labs in connection with the Terra-Luna incident.