Visa has partnered with global crypto exchange FTX to offer debit cards in 40 countries.
Although the crypto market is on the decline, it continues to attract attention. While big companies are taking their steps towards the future, they are growing by including the crypto sector in their plans. The San Francisco-based company has previously joined forces with FTX’s rivals Coinbase and Binance. Visa’s future-oriented step is one of more than 70 crypto partnerships.
Visa Expands to 40 Countries with FTX Partnership
Visa has partnered with global exchange FTX to offer debit cards in 40 countries focusing on Latin America, Asia and Europe. Cards already available in the US will be linked directly to a user’s FTX cryptocurrency investment account.
Under the deal, Visa’s planned global expansion strategy will allow more FTX customers to spend their crypto balances held on the exchange via card.
Regarding the collaboration, FTX CEO Sam Bankman-Fried said:
“This card allows users to use their FTX crypto balances securely 24 hours a day, 365 days a year and without any administrative or transaction fees.”
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