![\"Visa](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/10\/visa-ftx-768x432.jpg\")
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Payments giant Visa is launching crypto debit cards in more than 40 countries in partnership with cryptocurrency exchange FTX. \u201cAt Visa, we believe that digital currencies will have a lasting impact on the future of financial services and money movement,\u201d said a Visa executive.<\/strong><\/p>\n Visa announced Friday \u201ca long-term global partnership\u201d with West Realm Shires Services Inc. and FTX Trading Ltd. to roll out crypto debit cards in more than 40 countries. The two companies are behind cryptocurrency exchanges FTX US and FTX.com, respectively.<\/p>\n \u201cAs a part of the alliance, FTX will begin by offering FTX-branded Visa debit cards to FTX customers internationally \u2014 with a focus on countries in Latin America, Europe, and Asia in the initial phases of the rollout,\u201d the announcement details.<\/p>\n The debit cards are linked directly to a user\u2019s FTX accounts. Currently available in the U.S., these cards \u201care now being rolled out globally in over 40 additional countries, including many across Latin America,\u201d the exchange explained, adding:<\/p>\n The next phase of the rollout for the FTX-branded Visa debit cards is expected in Europe before the end of the year, with additional regional launches planned for 2023.<\/p>\n<\/blockquote>\n The debit cards allow users to pay for goods and services with the crypto balance in their FTX wallets at 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, the crypto firm noted.<\/p>\n Cuy Sheffield, Visa\u2019s head of Crypto, commented:<\/p>\n At Visa, we believe that digital currencies will have a lasting impact on the future of financial services and money movement.<\/p>\n<\/blockquote>\n \u201cThrough our partnership with Visa, we are continuing to see further expansion of the connection between digital assets and the global financial ecosystem,\u201d said FTX\u2019s global head of payments, Adam Jacobs.<\/p>\n \u201cEven though values have come down there\u2019s still steady interest in crypto,\u201d Visa CFO Vasant Prabhu told CNBC Friday. \u201cWe don\u2019t have a position as a company on what the value of cryptocurrency should be, or whether it\u2019s a good thing in the long run \u2014 as long as people have things they want to buy, we want to facilitate it.\u201d<\/p>\nVisa and FTX Launching Crypto Debit Cards in Over 40 Countries<\/h2>\n
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