Blink Wallet Adds Inactivity Fee to Custodial Accounts, Accelerating Migration to Self Custody

Bitcoin Magazine Blink Wallet Adds Inactivity Fee to Custodial Accounts, Accelerating Migration to Self Custody Blink Wallet announced a new $1 a month inactivity fee, aimed at custodial accounts that have not logged in to the app in over 12 months. The decision was put into motion in early September via a Terms of Service change, with push notifications sent out to inactive users, and the first charge made by mid-October. Fees charged will be refunded if users log back in within 12 months, according to a blog post published by the company. The fee, which only affects custodial accounts, serves to relieve the burden of inactive accounts on the startup.

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.