Visa Launches Bitcoin, Crypto Cards In 40 Countries – Bitcoin Magazine

  • FTX is launching bitcoin and crypto-backed debit cards in 40 countries.
  • The exchange partnered with Visa and will focus on Latin America, Asia and Europe.
  • The offering is available to US users, and the partnership will now be extended internationally.

Visa has partnered with one of the world’s leading cryptocurrency exchanges, FTX, to launch bitcoin and cryptocurrency debit cards internationally, per a press release.

“The debit cards, which are linked directly to a user’s FTX accounts, are currently available in the United States and are now being rolled out globally in over 40 additional countries, including many across Latin America,” p[er The next phase of the rollout for the FTX-branded Visa debit cards is expected in Europe before the end of the year, with additional regional launches planned for 2023

Visa, along with its competitors in the marketplace, continues to hold that users of bitcoin and cryptocurrencies still want to use their holdings as a medium of exchange, even amid a bear market downturn.

“Even though values have come down, there’s still steady interest in crypto,” said Visa CFO Vasant Prabhu, per the release.

The debit cards simply connect to FTX’s platform enabling users to spend the digital assets in their wallets without needing to remove the assets from the exchange’s platform.