Cryptocurrency exchange FTX has partnered with payment giant VISA to roll out crypto debit cards, linked directly to users’ accounts.
Following the global partnership deal, countries in Latin America, Europe and Asia will be focused on first and FTX customers can already start to register on a waitlist for the VISA cards. FTX.US customers are already using the cards while those based in Latin America can start ordering their FTX-branded debit cards now. Europe is expected to launch by the end of the year, the press release said.
CEO of FTX, Sam Bankman-Fried, commented on partnering with VISA:
“We’re excited to partner with one of the world’s largest payment networks to give our users the ability to use their crypto to fund purchases at millions of merchants around the globe. This card allows users to make use of their FTX crypto balances 24 hours a day, 365 days a year securely and with no administrative or processing fees.”
Cuy Sheffield, Head of Crypto at Visa, added:
“At Visa, we believe that digital currencies will have a lasting impact on the future of financial services and money movement. “We’re excited to partner with leading crypto exchanges like FTX to bring more flexibility and ease-of-use to the way people use their crypto—unlocking the ability to use a crypto balance to fund purchases anywhere Visa is accepted.”
Little than a year ago in December 2021, Sheffield had said in an interview how VISA will continue working with crypto platforms driving crypto adoption in global payments. “ Webuilt a lot of momentum in this space, and we will continue to support the crypto ecosystem in several ways,” he highlighted.
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Source: Igaming
