Visa Added In List To End Ties With FTX

November 14, 2022

Visa spokesperson told Reuters "The situation with FTX is unfortunate and we are monitoring developments closely".

Furthermore, "We have terminated our global agreements with FTX and their US debit card program is being wound down by their issuer."

In early October, FTX and Visa announced an expanded partnership.

In the release published earlier, as a part of the alliance, FTX was to begin by offering FTX-branded Visa debit cards to FTX customers internationally.

The initial focus was on countries in Latin America, Europe and Asia.

Earlier, they also planned to introduce account-linked Visa debit cards in 40 new countries.

Miami-Dade County and the Miami Heat have also terminated their relationship with FTX.