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Market News Visa has terminated global debit card agreements with FTX

Visa has terminated global debit card agreements with FTX

The largest payment processor in the world, Visa Inc., announced on Sunday that it was terminating its global credit card relationships with the defunct cryptocurrency exchange FTX.

Jimmy Khan
2022-11-14
409

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The largest payment processor in the world, Visa Inc., announced on Sunday that it was terminating its global credit card relationships with the defunct cryptocurrency exchange FTX.


A Visa representative told Reuters, "The situation with FTX is regrettable, and we are monitoring developments closely."


"We have ended our global partnerships with FTX, and their issuer is winding down its U.S. debit card operation."


Early in October, FTX and Visa announced an expanded cooperation, outlining intentions to roll out account-linked Visa debit cards in 40 new nations.

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