FTX’s failure could be a stress test for corporate credit card startups

Last week, Ramp sent a message to crypto companies using its corporate card services saying that it is significantly lowering spending limits and mandating new requirements. Some users were temporarily suspended from spending altogether.
“In light of recent unprecedented events in the cryptocurrency, blockchain, NFT and DeFi ecosystem, we are conducting a review of all businesses operating in this space, including yours, to determine whether we reverse or modify any of the changes listed above,” one memo said.
While Ramp somewhat backtracked on the changes, its move offers a window into how co

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