Brevan Howard-backed web3 startup Starlight launched corporate cards that aim to ease expense payments for crypto companies.
Over direct message last week, both Tokenproof founder Alfonso Olvera and Conduit's Kirill Gertman confirmed that their spending limit had either been cut or revoked in the days following the email from Ramp — two days after Genesis Global Capital suspended redemptions.
The company has since reinstated many of the original spending limits, said the spokesperson but the incident shows some of the issues crypto companies when handling fiat and crypto. Conduit's Gertman said over the Telegram message that the incident has inspired him to look for another vendor.
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