An interesting news (and somewhat awaited):
Visa partners with FTXCNBC:
Visa partners with FTX in a bet that shoppers still want to spend cryptocurrencies in a bear marketTechCrunch:
Visa dives deeper into crypto as FTX-linked debit card expands outside USVisa is betting that crypto investors still want to spend their digital currencies, even as prices plummet this year.
The payments giant is teaming up with global exchange FTX to offer debit cards in 40 countries with a focus on Latin America, Asia and Europe. The cards, which are already available in the U.S., will link directly to a user’s FTX cryptocurrency investing account. The move allows customers to spend digital currencies without moving those off an exchange, “like you would with any bank account,” according to Visa’s CFO.
Although FTX starting - sooner or later - to offer Bitcoin (and maybe other crypto) related debit cards worldwide is pretty much normal and probably expected by some of FTX customers, I find interesting that it's said that "Visa partners with FTX" and not the other way around and I find interesting that FTX partnership is directly with Visa and not a 3rd party provider like we've seen in the "previous generation" of crypto cards.
Clearly, FTX is moving in the direction to compete (someday) with Binance.
It’s Visa’s latest foray into the space and adds to more than 70 crypto partnerships. The San Francisco-based company has already joined forces with FTX’s competitors Coinbase and Binance.
I guess that there are bits I'm missing, since I thought that Binance cards, for example, are issued by Swipe, not by Visa directly.
