Visa Partners With FTX to Offer Crypto Debit Cards

by in Cryptocurrency News

Visa crypto payments

Payments company Visa built a partnership with the cryptocurrency exchange FTX to offer debit cards in 40 countries. The cards will allow holders to spend their crypto funds from FTX accounts. So, users won't need to withdraw their cryptocurrencies from the exchange to spend them. The cards make it easier for retailers to accept crypto without setting up the required technology.

Related: Mastercard Presents a Tool to Fight Crypto Crime

According to a report by CNBC, Visa CFO Vasant Prabhu said even though prices are down now, there's a steady interest in crypto.

He added that the company hasn't a position on what value crypto provides and whether it’s a good thing, but Visa wants to facilitate the buying process for people who have things they want to buy.