Visa terminates debit card program with FTX
A Visa spokesperson confirmed to Cointelegraph the company has terminated its global agreements with FTX. Only a month after payments giant Visa announced a partnership with FTX to roll out a debit card program in 40 countries worldwide, Visa has abruptly ended the program due to FTX's recent insolvency and bankruptcy issues. FTX’s liquidity issues were triggered last week when Binance CEO Changpeng “CZ” Zhao announced that Binance would liquidate the entirety of its FTX Token (FTT) holdings, which inadvertently led to a bank run that brought on FTX liquidity issues. In October, when the....
Related News
Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX’s “U.S. debit card program is being wound down by their issuer.” Visa Ends Agreements With FTX Visa Inc., the world’s leading payments processor, reportedly said Sunday that it has ended global agreements with bankrupt crypto exchange FTX. 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. “The situation....
Blockchain.com, a renowned and trusted platform to buy, sell, and trade crypto, has recently announced its Visa debit card. The introduction of this debit card has been expected for quite some time now. The Blockchain.com Visa card has a huge waitlist of 50,000 people wanting to sign up. The card is already at its launch. […]
E-coin has launched a multi-sig bitcoin wallet and debit card to bridge the gap between traditional finance and the cryptocurrency. With these products, users can be able to load their debit cards through their bitcoin wallet and use these cards on any POS terminal that accepts Visa. Funds can be loaded through the bitcoin wallet mobile app or on the web platform. The debit cards can be used in any country and for transactions that are in USD, EUR, and GBP and are accepted in over 30 million ATMs and 25 million merchants accepting VISA worldwide. Bitcoin Wallet Features. As with most....
Coinbase has introduced the first U. S. -issued bitcoin debit card, the Shift Card, in partnership with Shift Payments. The Shift Card is a Visa debit card that currently allows Coinbase users in 24 states to spend bitcoin both online and at physical points of sale at more than 38 million merchants worldwide. "Merchant adoption has come a long way over the past few years, but it's still difficult for people to make regular purchases with bitcoin," notes the Coinbase announcement. "Buying gas at a local gas station or groceries at a neighborhood grocery store with bitcoin has not been....
Bitcoin debit cards have become more popular over the past two years with various choices on the table for consumers to choose from. Cards enable a user to load the account with bitcoin reserves and spend the funds where major credit cards are accepted. Bitcoin.com decided to review two popular bitcoin debit cards that are currently available to....