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.