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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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.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
