Share this article
Visa Ends Its Debit Card Pact With FTX
The original partnership to release crypto debit cards in 40 countries was reported on in October.
Updated May 9, 2023, 4:02 a.m. Published Nov 14, 2022, 4:20 p.m. 1 min read
Payments company Visa (V) has elected to terminate global agreements with FTX after the crypto company’s sudden collapse.
“We have terminated our global agreements with FTX and their U.S. debit card program is being wound down by their issuer,” a Visa spokesperson told CoinDesk.
It was reported in October that Visa had partnered with FTX release crypto debit cards in 40 countries with a focus on Latin America, Europe and Asia, sending prices of FTX's crypto token FTT higher.
"The situation with FTX is unfortunate and we are monitoring developments closely. In all our undertakings – in digital currency and beyond – our focus on security and trust remains paramount," Visa added in its comment to CoinDesk.
Higit pang Para sa Iyo
FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.
Ano ang dapat malaman:
- FalconX has confidentially filed a draft S-1 with the SEC and hired Cantor to advise on a potential IPO, according to a source.
- The crypto prime broker, last valued at $8 billion in 2022, serves institutional clients including hedge funds, asset managers and market makers.
- Cooling investor sentiment, weaker trading...
Top Stories
