West Realm Shires Services Inc. and FTX Trading Limited, the companies behind FTX US and FTX.COM respectively (collectively referred to as “FTX”), and Visa, a world leader in digital payments, announced a long-term global partnership. As a part of the alliance, FTX will begin by offering FTX-branded Visa debit cards to FTX customers internationally—with a focus on countries in Latin America, Europe and Asia in the initial phases of the rollout.
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. 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.
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FTX Visa debit cards will be linked directly to the holder’s FTX account, allowing them to seamlessly convert and pay for goods and services with the crypto balance in their FTX wallets. The FTX Visa debit cards allow users to easily make purchases at the 80 million merchant locations worldwide that accept Visa. FTX Visa debit cardholders will not be subject to any administrative or processing fees for using the card.
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Through this partnership with Visa, they are continuing to see further expansion of the connection between digital assets and the global financial ecosystem. With the FTX-linked Visa debit cards, individuals can now tap into their cryptocurrency holdings for everyday spending opportunities.
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