BasedApp will cease providing Visa card services in Singapore on November 15

According to Wu Said, BasedApp announced that it would stop providing Visa card services in Singapore. New Visa card applications for Singapore users will be stopped from now on and will be discontinued for all Visa debit cards on November 15, 2025. Users need to withdraw their account funds before November 30. Assets that have not been withdrawn overdue (more than USD 1) will be automatically exchanged for USDC and transferred to the user's self-custodial wallet. Based will focus on the international expansion of self-hosted wallet software and markets outside Singapore, and has withdrawn its application for a payment service license in Singapore.