BasedApp will be ceasing our Visa Card product in Singapore. As of the date of this statement, BasedApp has ceased accepting new applications for the Visa Card.

After careful consideration, we have decided to refocus our efforts on self-custodial wallet software, and international expansion outside of Singapore. To stay lean and focused, we have withdrawn our application for a licence under the Payment Services Act 2019 before the Monetary Authority of Singapore.

For more information, please refer to our public announcement here:

https://based.one/sg/account-notice

Link to X