Amulets

Amulets is a PayFi platform built on Solana that bridges on-chain stablecoin balances with everyday commerce through a Visa-network payment card. Users hold USDC, USDT, or SOL in the Amulets wallet and spend at any of the more than 150 million merchants that accept Visa worldwide, without needing to convert to fiat through a traditional bank account first. The project launched its MVP in late 2025 and opened public early access in March 2026.

How It Works

The core product is a virtual Visa card connected to the Amulets app. When a user makes a purchase, the platform converts the relevant stablecoin balance to fund the transaction in real time. The card is compatible with Apple Pay and Google Pay, enabling contactless payments without a separate physical card. Standard Visa acceptance means the card works for in-person retail, online merchants, subscriptions, and international transactions.

Cryptoback Rewards

Amulets differentiates through a cashback program called Cryptoback, which returns up to 3% of eligible purchases in SOL. The rewards model is designed to pay out on actual card spend rather than signup activity. A referral leaderboard system allows users to earn additional rewards based on the verified spending of users they invite, not just on referral signups. This structure ties reward accrual directly to network usage rather than to promotional milestones.

Supported Assets and Networks

The platform launched with native Solana assets -- SOL, USDC, and USDT -- as its primary funding currencies. Bitcoin support was added in 2026, allowing BTC deposits, withdrawals, and in-app swaps. Deposits are also accepted from Ethereum, Polygon, Base, and BNB Chain, so users do not need to bridge assets to Solana before loading the card.

Fee Structure

Amulets operates with no standard card fees: zero monthly maintenance, zero card issuance fee, zero ATM withdrawal fees, and zero foreign exchange conversion fees on standard purchases. The platform notes that identity verification is required before cards can be issued. The absence of routine fees positions the card competitively against both traditional fintech and existing crypto card products that typically charge monthly subscriptions or flat FX spreads.

Identity Verification and Availability

New users complete three-step identity verification at signup: email confirmation, phone verification, and a government-issued identity document. Proof of address is not required. Spend and withdrawal limits are documented as unlimited, with no daily or monthly caps. The service is not available to US residents.

App Features and Integrations

Beyond the card, Amulets functions as a broader crypto wallet where users can deposit, convert, and withdraw assets independently of card activity. The app includes a Telegram integration that lets users access wallet functions directly within the messaging app. A leaderboard tracks referral and spending contributions across the network, adding a social layer to the rewards mechanics.

Card Provider Transition

In mid-2026, Amulets announced that card services were temporarily suspended following the end of its arrangement with its initial card issuer. Crypto deposits, withdrawals, conversions, and trading remained fully operational throughout the interruption, and user balances were unaffected. The company secured a new card provider and outlined a refreshed offering for the relaunch: a virtual card option with Apple Pay and Google Wallet integration, and an expanded Cryptoback program that will allow users to select rewards in BTC, ETH, SOL, or BNB. A relaunch was targeted for August 2026.

Team and Background

Amulets was co-founded by Felipe Florencio, serving as COO, and Samuel Camilo, serving as CTO, both with backgrounds in product, growth, and crypto operations. The project is bootstrapped with no publicly announced external investors. The company reported more than 2,000 registered users during its initial three-month MVP validation phase. The platform launched its MVP in late 2025 and opened early access in March 2026, placing the time from inception to public launch at approximately six months.