FTX customers would be able to use their crypto balances for purchases at millions of outlets around the world.

Sam Bankman-Fried owned FTX has struck a long term global partnership with Visa (NYSE: V) that will kick off with the issue of FTX-branded Visa debit cards to FTX customers internationally—with a focus on countries in Latin America, Europe and Asia in the initial phases of the rollout. (CISION PR Newswire)

Visa Debit cards

• The debit cards are linked directly to a user’s FTX accounts
• Users can seamlessly convert and pay for goods and services with the crypto balance in their FTX wallets
• Currently available in the United States
• Now being rolled out globally in over 40 additional countries, including many across Latin America
• Users can make purchases at the 80 million merchant locations worldwide that accept Visa
• FTX Visa debit cardholders will not be subject to any administrative or processing fees for using the card
• Register for the waitlist to be notified when the FTX Visa Card is available by visiting: https://card.ftx.com/

Sam Bankman-Fried, CEO of FTX, said in a statement “We’re excited to partner with one of the world’s largest payment networks to give our users the ability to use their crypto to fund purchases at millions of merchants around the globe. This card allows users to make use of their FTX crypto balances 24 hours a day, 365 days a year securely and with no administrative or processing fees.”

Adam Jacobs, Global Head of Payments at FTX, stated, “Through our partnership with Visa, we are continuing to see further expansion of the connection between digital assets and the global financial ecosystem. With the FTX-linked Visa debit cards, individuals can now tap into their cryptocurrency holdings for everyday spending opportunities.”

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Photo by CardMapr.nl on Unsplash