Per a report from CNBC, crypto exchange FTX will expand its cooperation with payment giant Visa. The partners will take their crypto debit cards from the United States to over 40 countries and millions of users and merchants worldwide.
This new cooperation will be focused on providing payment alternatives to emerging markets. In that sense, FTX and Visa are targeting users in Latin America, Asia, and countries in Europe.
The crypto debit card allows people to use their digital assets and cryptocurrencies, such as Bitcoin and Ethereum, to purchase items and conduct everyday transactions. The card will be linked to the users’ investing wallet and will be directly used in the cryptocurrency to pay at commerce or shop.