FTX partners with Visa to launch its debit cards in 40 countries

FTX partners with Visa to launch its debit cards in 40 countries
фото показано с : invezz.com

2022-10-9 15:26

The cryptocurrency exchange FTX has announced its partnership with Visa Inc. (NYSE:V) to expand its debit card program into 40 other countries. Visa, one of the world’s largest global electronic fund transfer organizations, is expected to assist FTX offer debit cards across the globe starting with the selected 40 countries.

FTX already launched its debit card in the US and seeks to expand the program further despite the current bear market.

FTX debit cards

The 40 countries that FTX is targeting are in Latin America, Asia and Europe.

The debit card will allow users to do crypto transactions without much hustle. The card will be linked to the user’s FTX account where crypto assets are stored thus enabling direct crypto transactions. This eliminates the need for users to first move their crypto holdings from the exchange in order to transact.

FTX plans to start rolling out the debit cards in Latin America the earliest possible before moving to the European market, which is scheduled for completion before the end of 2022. The final rollout will be in Asia before the end of 2023.

FTX’s partnership shows Visa’s belief in crypto despite the current market conditions. In an interview with one of the media outlets, CNBC, Visa CFO, Vasant Prabhu, said:

“Even though values have come down there’s still steady interest in crypto. 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 have things they want to buy, we want to facilitate it.”

Despite Visa’s forays into the crypto market, the Visa stock has been plummeting for the better part of 2022

FTX native token spiked after the news

Following the news of the partnership with Visa on Friday, the price of FTX’s native token, FTT, saw a sharp rise. FTT price shot up by over 8% immediately after the news to trade above $24.8.

However, at press time, FTT had come down to trade at $24.43.

Prior to the news, FTT had been sailing in the same boat as the rest of the crypto assets which have witnessed massive drops over the past few months.

The post FTX partners with Visa to launch its debit cards in 40 countries appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

FintruX Network (FTX) на Currencies.ru

$ 0.0007462 (+2.01%)
Объем 24H $73
Изменеия 24h: 3.78 %, 7d: 5.93 %
Cегодня L: $0.0007462 - H: $0.0007462
Капитализация $0 Rank 7418
Цена в час новости $ 0.0025809 (-71.09%)

debit countries ftx visa cards fund transfer

debit countries → Результатов: 61


Amon, AI-Powered Crypto Wallet and Card Is Fundraising on BnkToTheFuture

PRESS RELEASE. Amon, known for their innovative app that aims to make using digital currencies stress-free, will soon release their debit card in 31 EEA countries. The company, which recently got approval to release a crypto debit card, is currently fundraising on the online platform that facilitates investments in FinTech, blockchain, and bitcoin companies, BnkToTheFuture.

2020-12-15 09:00


AI-Powered Crypto Wallet & Card Fundraising on BnkToTheFuture

Amon, known for its innovative app that aims to make using digital currencies stress-free, will soon release their debit card in 31 EEA countries. The company, which recently got approval to release a crypto debit card, is currently fundraising on the online platform that facilitates investments in FinTech, blockchain, and bitcoin companies, BnkToTheFuture.

2020-12-12 13:08


Venezuelan Exchange To Launch PoS System And Crypto Debit Card; Including Petro, BTC, & DASH

The Venezuelan government is one of the most crypto friendly countries as it looks for ways to sustain its hyper-inflated economy and sanctions from various governments. The government is focused on promoting its oil backed crypto, Petro dollar, to its citizens with the latest debit card release by government sanctioned exchange, CriptoLAGO. The debit card […]

2019-10-4 17:34


На Poloniex появилась возможность покупки криптовалют с помощью кредитных карт

Американская криптовалютная биржа Poloniex добавила возможность ввода/вывода средств посредством банковских счетов, а также покупки биткоина с помощью кредитных и дебетовых карт. New ways to buy crypto assets on Poloniex! Customers in 80+ countries can deposit or withdraw $USDC directly from their bank account.

2019-7-10 10:12


Estonian Fintech Startup Crypterium Launches Global Crypto Payments Card, “Crypterium Card”

Earlier this week we reported a story about Coinbase launching their crypto Visa Debit card to 6 more europian countries. This trend seems to be spreading like a virus as Crypterium, a fintech startup based out of Estonia is launching their first crypto card, but the major advantage over Coinbase is that this will be […]

2019-6-15 19:02


Новости криптовалют сегодня, 12 июня 2019

Тут новости криптовалют сегодня от авторов блога «Новости криптовалют». Статья обновляется в течение дня. CoinDesk Сoinbase расширила обслуживание дебетовых карт Visa в шести европейских странах, что позволяет клиентам в регионе тратить свои цифровые активы.

2019-6-12 08:15