FTX and VISA enter partnership! Crypto payments soon available in 40 countries worldwide.
10/8/2022, 11:02 AM
FTX and Visa's recent partnership may make it easier for crypto users to spend their cryptocurrency. The two companies have teamed up to roll out debit cards in 40 countries worldwide, which would allow FTX users to pay for goods and services using their cards. Sam Bankman-Fried, the most influential person in crypto according to Cointelegraph's Top 100 in 2022, has long been a proponent of using crypto debit cards.
The FTX token, the native cryptocurrency of the FTX trading platform, spiked 7% on the news of the partnership. For Visa, the move rivals competitor Mastercard's recent forays into the crypto space. Chief financial officer Vasant Prabhu said that even though values have come down, there is still steady interest in crypto.
The partnership between FTX and Visa could make it easier for crypto users to spend their cryptocurrency, and help to further legitimize the asset class.
Founded in 2018, FTX is a cryptocurrency derivatives exchange built by traders, for traders. FTX offers a comprehensive and integrated suite of derivatives products, including futures, leveraged tokens, and OTC trading. The FTX trading platform is designed to provide a fast, stable, and easy-to-use experience. FTX is headquartered in Hong Kong and is backed by well-known investors, including Andreessen Horowitz, Paradigm, and SV Angel.
VISA is a financial services company that enables digital payments. It is headquartered in San Francisco, California. VISA has been exploring ways to tap into the crypto space. In February 2018, it was reported that VISA was in talks with Coinbase, a digital asset exchange, to enable crypto payments on its platform. However, the talks reportedly fell through.
In May 2018, VISA announced that it had invested in a cryptocurrency startup called Chainalysis. The startup provides compliance and investigation software to help businesses comply with regulations and track down bad actors.
In December 2018, VISA announced that it was partnering with blockchain payments startup, Earthport. The partnership will allow VISA to offer blockchain-based cross-border payments.
Read the news first hand on CNBC.com.
The FTX token, the native cryptocurrency of the FTX trading platform, spiked 7% on the news of the partnership. For Visa, the move rivals competitor Mastercard's recent forays into the crypto space. Chief financial officer Vasant Prabhu said that even though values have come down, there is still steady interest in crypto.
The partnership between FTX and Visa could make it easier for crypto users to spend their cryptocurrency, and help to further legitimize the asset class.
Founded in 2018, FTX is a cryptocurrency derivatives exchange built by traders, for traders. FTX offers a comprehensive and integrated suite of derivatives products, including futures, leveraged tokens, and OTC trading. The FTX trading platform is designed to provide a fast, stable, and easy-to-use experience. FTX is headquartered in Hong Kong and is backed by well-known investors, including Andreessen Horowitz, Paradigm, and SV Angel.
VISA is a financial services company that enables digital payments. It is headquartered in San Francisco, California. VISA has been exploring ways to tap into the crypto space. In February 2018, it was reported that VISA was in talks with Coinbase, a digital asset exchange, to enable crypto payments on its platform. However, the talks reportedly fell through.
In May 2018, VISA announced that it had invested in a cryptocurrency startup called Chainalysis. The startup provides compliance and investigation software to help businesses comply with regulations and track down bad actors.
In December 2018, VISA announced that it was partnering with blockchain payments startup, Earthport. The partnership will allow VISA to offer blockchain-based cross-border payments.
Read the news first hand on CNBC.com.