Media learn about the termination of the partnership between Visa and FTX
In question is a joint project to issue debit cards for the exchange’s clients
14.11.2022 - 15:30
224
1 min
0
NEW YORK, Nov 13 (Reuters) - Visa Inc (V.N), the world's largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX.
"The situation with FTX is unfortunate and we are monitoring developments closely," a Visa spokesperson told Reuters.
"We have terminated our global agreements with FTX and their U.S. debit card program is being wound down by their issuer."
FTX and Visa had announced an expanded partnership in early October, including plans to introduce account-linked Visa debit cards in 40 new countries.
This material is taken from the website reuters.com.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024