VISA and FTX join forces to transform credit card crypto payment
The road to adoption – After obtaining regulatory licenses in different jurisdictions, FTX is pursuing expansion. The famous platform is now offering its own Visa card, intended for its customers on three continents.
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Crypto exit ramp: FTX’s Visa card is globetrotting
The waiting list for interested customers is open. FTX would project of launch its Visa card in more than 40 countriesafter having offered it to its customers in the United States last January. Evolve Bank & Trust issues the card Visa of FTX for US customers. However, the company has not yet revealed its financial partners in this global expansion project.
Thanks to this card, FTX customers in these 40 countries will be able to use their crypto assets hosted on the platform more easily. They could pay for their purchases from merchants who accept Visa debit cards.
Sam Bankman-Fried’s Crypto Exchange Reportedly Targets primarily Latin American countries, for the launch of this new initiative. Europe would be next on the list. The Visa card should be available there before the end of 2022. However, customers from Asian countries should wait until at least next year.
FTX doesn’t seem to be slowing down despite the crypto winter. The company plays superhero by buying up crypto companies, whose finances are hurt by bear markets (and mismanagement). The crypto exchange also continues to invest in its marketing and business development across the globe.
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