Visa has terminated global debit card agreements with FTX


Visa has terminated global debit card agreements with FTX

Visa Inc, the world’s largest funds processor, mentioned it was severing its world bank card agreements with collapsed crypto change FTX.

“The state of affairs with FTX is unlucky and we’re monitoring developments carefully,” a Visa spokesperson advised Reuters.

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“Now we have terminated our world agreements with FTX and their US debit card program is being wound down by their issuer.”

FTX and Visa had introduced an expanded partnership in early October, together with plans to introduce account-linked Visa debit playing cards in 40 new international locations.

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