Blink Wallet introduces $1 monthly inactivity fee for custodial accounts

Blink Wallet announced a $1 monthly inactivity fee for custodial accounts that have not logged in for over 12 months, effective from mid-October. The fee, which can be refunded if users log back in within 12 months, aims to offset the costs of maintaining inactive accounts. At the time of the first charge, approximately 100,000 inactive accounts held a combined balance of over $800,000.