{"@context":{"CIP100":"https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#","hashAlgorithm":"CIP100:hashAlgorithm","body":{"@id":"CIP100:body","@context":{"comment":"CIP100:comment"}}},"hashAlgorithm":"blake2b-256","body":{"comment":"I am voting NO on “Withdraw 3,961,538 ada for Bringing Real-World Payments to Cardano with Wirex.” In the Intersect budget process I supported this proposal as open‑source, public‑good payments infrastructure, and I still recognise the strategic importance of mature payment rails and the team’s prior experience with the Cardano Card and broader Visa integration.\n\nSince then, the SecondFi incident and permanent shutdown have highlighted how brittle wallet and payments integrations can be in practice, even when external audits exist and participants are acting in good faith. Combined with tight NCL headroom and a more conservative view of treasury purpose, I am less comfortable allocating nearly 4M ADA to deepen a single commercial stack whose primary benefit is making it easier for other wallets and apps to route user spending through that provider’s rails. Many holders treat ADA and other crypto assets as savings or a hedge rather than everyday spending money, and it remains unclear how much genuine, broad-based user demand there is for converting income into crypto specifically to spend it via card rails instead of existing fiat accounts.\n\nFor this cycle, I prefer to reserve large treasury withdrawals for core security, scaling, and open, neutral infrastructure where the user value and ecosystem dependency are clearer and less tied to one commercial platform. This is not a judgment on Wirex’s intentions or capabilities, but a prudential decision based on recent events, treasury constraints, and uncertainty about how much of this stack’s value will materialise on-chain for Cardano users versus off-chain within a private payments business."}}