FTX to launch Visa debit card in 40 new countries by Yogita_Khatri5
Crypto exchange operator FTX is set to launch a Visa debit card in over 40 new countries, nine months afterThe global expansion means more FTX customers will be able to spend their crypto balances held at the exchange via the card, according to an announcement on Friday. FTX hasLatin America, Europe and Asia are the firm's targeted markets for expansion.
"This card allows users to make use of their FTX crypto balances 24 hours a day, 365 days a year securely and with no administrative or processing fees," FTX CEO Sam Bankman-Fried said in the statement.Coinbase FTX's card in the U.S. is issued by Evolve Bank & Trust. The crypto exchange didn't reveal the banking partners for its international expansion efforts.