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FTX and VISA announce global partnership

FTX and VISA announce global partnership

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Cryptocurrency exchange FTX has partnered with payment giant VISA to roll out crypto debit cards, linked directly to customer accounts.

The territories of Europe, Asia and Latin America will be focused on first and FTX customers can now register on a waiting list for the VISA cards.

US customers of FTX are already using the cards while those based in Latin America can order their FTX-branded debit cards now, with Europe scheduled to launch by the end of this year.

Sam Bankman-Fried, CEO of FTX, says: “We are 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, adds: “At Visa, we believe that digital currencies will have a lasting impact on the future of financial services and money movement. “We are 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.”