Visa and FTX Partner to Launch Debit Card in 40 Countries – Here's What You Need to Know
Source: iStock/onebluelight Payments giant Visa and crypto exchange FTX have inked a partnership to allow crypto holders from 40 countries to spend their digital assets when shopping. As part of the partnership, Visa will offer crypto debit cards in 40 different countries with a focus on Europe, Latin America, and Asia. The cards will connect to the FTX accounts of users and allow them to spend their crypto assets at checkout across millions of merchants supported by Visa, Visa CFO Vasant Prabhu reportedly said. “Even though values have come down there’s still steady interest in crypto,” Prabhu said, adding that it would eliminate the need for moving crypto assets off an exchange when planning to spend them, “like you would with any bank account.” “We don’t have a position as a company on what the value of cryptocurrency should be, or whether it’s a good thing in the long run -- as long as people...
