FTX expands partnership with payments giant Visa to offer crypto debit cards in over 40 other countries
One of the most popular crypto exchange platforms in the world is partnering with Pays Titan Visa to offer crypto debit cards in dozens of countries.
According to a new press release, FTX is expanding its partnership with Visa to offer crypto debit cards to customers in over 40 countries with a focus on Europe, Latin America and Asia.
The cards, which are already available in the US, will be linked directly to a user’s FTX account. Customers can pay for goods and services using the crypto balance held in their FTX wallets.
Says FTX founder and CEO Sam Bankman-Fried,
“This card allows users to use their FTX crypto balance 24 hours a day, 365 days a year in a secure manner and without administration or processing fees.”
In a recent interview with CNBC, Bankman-Fried also says that he believes traditional financial systems will likely continue to embrace crypto firms rather than fight them.
“It’s a technology that we certainly see disrupting traditional payment networks. It’s a decision you have to make as a traditional payments company: do you want to lean into this or do you want to fight against it? I respect the fact that a lot of them are leaning in in it.”
The billionaire goes on to note that while crypto assets have utility in the United States, they have even more value in nations with poor payment systems.
“A lot of these things are potentially cool and valuable in the US, but more so when you look globally. That’s where you find places with really bad toll rail options and a lot of demand for something better.”
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Featured Image: Shutterstock/Willyam Bradberry/Vladimir Sazonov/Nikelser Kate
