Crypto exchange FTX is partnering with Visa (V) to make it easier for individuals around the globe to use crypto holdings for everyday purchases.
The pair are rolling out Visa debit cards linked to FTX accounts in 40 new countries starting in Latin America, allowing crypto holders to use their digital assets to pay for goods and services from their FTX wallets with Visa’s network of 80 million merchants.
The partnership marks the latest in a string of crypto announcements from payments giants, suggesting they continue their efforts to move deeper into the space despite the plunge in cryptocurrency values this year.
“We believe that digital currencies will have a lasting impact on the future of financial services and money movement,” Cuy Sheffield, head of the crypto at Visa told Yahoo Finance, noting that despite the market’s trajectory, the payments company’s views on crypto remain undaunted and particularly encouraged by the use of crypto stablecoins in global commerce.
Read the full article on Yahoo Finance News.
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