Visa is ending its debit card deal with bankrupt FTX.
The payments giant partnered with FTX last month to launch crypto debit cards in 40 countries.
Visa Terminates Agreement
The company has heard that after the sudden collapse of the cryptocurrency exchange, it will end its global agreements with FTX.
“We have terminated our global agreements with FTX,” a Visa spokesperson said in a statement.
Visa partnered with FTX last month for crypto cards in a total of 40 countries in Latin America, Europe and Asia. This partnership has led to an increase in the price of FTT.
The company said the following on the subject:
“The situation with FTX is extremely unfortunate and we are following developments closely. It is paramount that we focus on security in all our security commitments to digital currency and beyond.”
The Financial Crimes Investigation Board (MASAK) Presidency has also recently announced that an investigation has been initiated regarding FTX and the legal entities affiliated with the company.
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