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Dawn of a new era, FTX financial card is coming!

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FTX announced today that it has reached a partnership with financial giant VISA to launch the FTX VISA card, allowing users to pay with the exchange’s cryptocurrency!

FTX announced today (7th) that it has reached a long-term cooperation agreement with VISA, the world’s largest payment institution. The first step for both parties is to launch FTX’s VISA financial card to FTX users around the world. According to the press release, however, in the first phase, FTX financial cards will be available in countries in Europe, Asia, and Latin America.

The FTX VISA financial card is directly connected to the user’s FTX account, allowing users to use the balance of the exchange to pay for goods and services at more than 80 million merchants that cooperate with VISA around the world. More importantly, the FTX financial card does not need to pay any management fees and handling fees.

FTX founder SBF said:

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“We are excited to partner with the world’s largest payment network, allowing our users to use their services to spend at millions of merchants around the world.

The card allows users to securely access their FTX account’s encrypted balance 24 hours a day, 365 days a year, with no administration fees or fees. “

In fact, as early as January of this year, SBF shared the good news of FTX’s launch of “FTX Card” on Twitter, but at that time there was no long-term cooperation agreement with VISA, so although FTX financial cards can already be used in the United States, but other areas still have to wait.

FTX now says it is ready to launch the FTX Financial Card in more than 40 other countries around the world, including many in Latin America. The FTX financial card is expected to be launched in Europe by the end of this year, and countries in Asia and Latin America will have to wait until 2023.

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Adam Jacobs, head of FTX Global Payments, believes that through the cooperation with VISA, we can see that digital assets will further expand their influence in the global financial system, which is a new trend.

“The partnership between FTX and VISA further expands the connection we see between digital assets and the global financial system. With the FTX VISA financial card, cryptocurrency holders can now use their cryptocurrency for everyday spending.”

 

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