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Visa shuts down global debit card agreements with FTX

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Visa shuts down global debit card agreements with FTX

By: Sreejit Kumar

The largest payment processor in the world, Visa Inc., announced that it was terminating its global credit card agreements with the defunct cryptocurrency exchange FTX.

A Visa spokesperson told Reuters, “The situation with FTX is unfortunate, and we are monitoring developments closely.” “We have ended our global agreements with FTX, and their issuer is winding down their US debit card programme.” Early in October, FTX and Visa announced an expanded partnership, outlining plans to roll out account-linked Visa debit cards in 40 new nations.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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By Sreejit Kumar

The largest payment processor in the world, Visa Inc., announced that it was terminating its global credit card agreements with the defunct cryptocurrency exchange FTX.

A Visa spokesperson told Reuters, “The situation with FTX is unfortunate, and we are monitoring developments closely.” “We have ended our global agreements with FTX, and their issuer is winding down their US debit card programme.” Early in October, FTX and Visa announced an expanded partnership, outlining plans to roll out account-linked Visa debit cards in 40 new nations.

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Previous article
Amazon.com Inc. to fire 10,000 employees starting this week
Next article
Zomato’s head of new initiatives Rahul Ganjoo quits
Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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