Available regions
Applications or normal card activation are supported
No Open Regions
- Evidence
- Officially supported
Card database / Visa / Crypto-collateral credit card
P
Pyra Card
Updated: Aug 5, 2026
The Pyra Card is a crypto asset-backed Visa credit card introduced by Pyra. It previously allowed users to deposit digital assets into a Solana-based investment account, obtain spending capacity backed by the investment portfolio, and make online or in-store payments using virtual cards, physical cards, Apple Pay, and Google Pay. The product used an overcollateralized model without traditional credit scoring. Borrowing generated by purchases could be repaid using account earnings, deposited stablecoins, or proceeds from selling collateral. Pyra is currently winding down operations, and all cards have been cancelled.
Confirmed unavailable on App Store
Official and company information
Issuer identity and company credentials
Pyra (pyra.fi) is a relatively new decentralized finance (DeFi) project focused on combining high DeFi yields with everyday payments (Visa card), positioning itself as a "decentralized neobank."
1. Core positioning and business model
"Deposit-borrow-spend" cycle: The platform's design philosophy allows users to deposit crypto assets (such as stablecoins like USDC), earn DeFi protocol yields, and use these assets as collateral to apply for loans, which can then be used for everyday spending via the linked Pyra Visa card.
Asset ownership: Unlike traditional centralized platforms, Pyra emphasizes "self-custodial" management, using smart contracts on the Solana blockchain to automate collateral management and liquidation logic.
Main selling point: It attempts to solve the pain point of "having to sell crypto assets (incurring capital gains tax) to spend," enabling "spending without selling" through collateralized borrowing.
According to an announcement on its official website, Pyra has officially announced it is shutting down.
Business status: The platform has stopped all new user registrations, and all existing Pyra payment cards have been canceled.
Current status: The platform is executing an orderly liquidation process aimed at allowing users to withdraw remaining balances.
Next steps: They have launched a dedicated web portal for existing users to manage holdings and perform withdrawals. If you have any funds on the platform, visit pyra.fi immediately for withdrawal instructions.
- Company / issuer
- Pyra
- Legal name
- Genuine Technologies Ltd, Inc
- Registered region
- Panama (PA)
- Headquarters
- Original巴拿马
- Company type
- Fintech
- Verification status
- Verified
- Issuer website
- Official link
- Application page
- Application link
Card overview
Pyra integrates an investment account, DeFi lending, and Visa card payments in one app. Users could originally fund their accounts through bank transfers or crypto assets. Assets entered integrated protocols in the Solana ecosystem to earn yield and were used to borrow USDC through markets such as Kamino on an overcollateralized basis. When the card was used, the system dynamically determined the available limit based on the account's collateral value, and users could set spending authorizations and periodic limits. Debt could be repaid by depositing USDC, using account yield, or selling part of the collateral through Jupiter. Accounts use the Privy smart account architecture and allow private keys to be exported. Because the Drift exploit had a major impact on user assets and platform operations, Pyra has stopped new-user registration, cancelled all existing cards, and shut down its mobile app. Only a web-based asset management portal remains available.
Visa card experienceRegional availabilityTerms may change
Notice: This card stopped issuing new cards and terminated payment services on 2026/06/15, affecting all Pyra Card users worldwide. Operations were discontinued because the Drift exploit had a significant impact on users and the platform, and the team was unable to find a sustainable path forward. All existing cards have been cancelled. Users should withdraw their funds and export their private keys through the web portal by 2026/09/15. The relevant Drift recovery tokens will be distributed separately once they become claimable.
Card variants and fee differences
Compare verified fee records across card forms and tiers
P Pyra Card | |
|---|---|
| Card form | Virtual + physical card |
| Fees | |
| Monthly fee | Free No account maintenance fee |
| Card issuance fee | Free No registration or card issuance fee |
| ATM fee | — |
| Foreign exchange fee | 0.3 USD Non-USD transactions tiered monthly, some transactions also incur $0.30 per transaction |
| Top-up fee | Free No account top-up fee |
| Failed transaction fee | — |
| Rewards | |
| Cashback | — |
| Crypto cashback | — |
| Staking rewards | — |
| Staking APR | — |
| Welcome bonus | — |
| Referral bonus | — |
| Limits | |
| Daily spending limit | — |
| Monthly spending limit | — |
| ATM withdrawal limit | — |
| Card network |
Fees may vary by region, card tier, and official policy. Verify the latest official terms.
Regions and China applicability
Application status based on public sources, official policy, and user reports. This is not application advice.
Unsupported or restricted regions
Applications or features are unavailable or restricted
IndiaINMyanmar (Burma)MMIsraelILUkraineUASyriaSYNorth KoreaKPIranIRNicaraguaNIVietnamVNVenezuelaVEChinaCNCubaCURussiaRUBelarusBYIraqIQNepalNPTürkiyeTR
- Evidence
- Officially restricted
Unconfirmed regions
Evidence is insufficient
No records
- Evidence
- Public sources
China applicability
The source text is retained below.
Original
1、中国大陆：当前不可申请；所有既有 Pyra Card 已取消，无法继续进行线上、线下或数字钱包支付，仅可按退出安排处理账户资产。
2、香港：当前不可申请；所有既有 Pyra Card 已取消，无法继续进行线上、线下或数字钱包支付，仅可按退出安排处理账户资产。
3、澳门：当前不可申请；所有既有 Pyra Card 已取消，无法继续进行线上、线下或数字钱包支付，仅可按退出安排处理账户资产。
4、台湾：当前不可申请；所有既有 Pyra Card 已取消，无法继续进行线上、线下或数字钱包支付，仅可按退出安排处理账户资产。
Updated: Aug 5, 2026
KYC requirements
Current identity-verification requirements and restrictions
KYC required
YesRequiredKYC level
Full KYCRequirement confirmedProof of address
YesRequiredAccepted documents
Passport / Driver's license
Review time / regional limits
Automatic review can be completed in under a minute; manual review may extend to seven days.
KYC provider
Persona
Updated
Aug 5, 2026
Payment compatibility
Support status and update date by payment scenario · Actual availability may vary by region, merchant, and issuer policy
Compatibility overview12 scenarios
Supported0
Not supported12
UpdatedAug 5, 2026
Wallet payments
Alipay
Not supported
Aug 5, 2026
Wallet payments
Apple Pay
Not supported
Aug 5, 2026
Cash services
ATM withdrawal
Not supported
Aug 5, 2026
AI tools
ChatGPT
Not supported
Aug 5, 2026
AI tools
Claude
Not supported
Aug 5, 2026
Wallet payments
Google Pay
Not supported
Aug 5, 2026
AI tools
Midjourney
Not supported
Aug 5, 2026
In-person payments
Offline POS
Not supported
Aug 5, 2026
Online shopping
Online shopping
Not supported
Aug 5, 2026
Wallet payments
PayPal
Not supported
Aug 5, 2026
Subscriptions
Subscription payment
Not supported
Aug 5, 2026
Wallet payments
WeChat Pay
Not supported
Aug 5, 2026
User reviews
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Risk factors
Updated: Jul 19, 2026
No risk factors are available