{"id":70052,"date":"2022-11-14T17:53:00","date_gmt":"2022-11-14T15:53:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70052"},"modified":"2025-09-07T23:48:51","modified_gmt":"2025-09-07T20:48:51","slug":"visa-ends-partnership-with-ftx-over-debit-card-issuance","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/visa-ends-partnership-with-ftx-over-debit-card-issuance\/","title":{"rendered":"Visa ends partnership with FTX over debit-card issuance"},"content":{"rendered":"<p>The payments giant Visa terminated its partnership with FTX after the bitcoin exchange<a href=\"https:\/\/forklog.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\"> filed for bankruptcy<\/a>. According to <a href=\\\"https:\/\/www.reuters.com\/technology\/visa-has-terminated-global-debit-card-agreements-with-ftx-2022-11-14\/\\\"> Reuters<\/a>.<\/p>\n<p>The decision involves the termination<a href=\"https:\/\/forklog.com\/en\/news\/ftx-announces-plan-to-issue-a-visa-debit-card-and-opens-a-waitlist\"> of the January-announced<\/a> debit-card launch for US residents.<\/p>\n<p>It was expected that Visa FTX users would be able to pay worldwide using their exchange balances in digital currencies. The assets would be automatically converted into the necessary fiat amount at the moment of payment.<\/p>\n<p>In October, the platform said the payment card would be rolled out in more than<a href=\"https:\/\/forklog.com\/en\/news\/ftx-to-launch-visa-debit-card-in-40-countries\"> 40 countries in Latin America, Europe and Asia<\/a>.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u201cThe situation with FTX is regrettable. We are closely monitoring developments,\u201d<\/em> commented a company spokesperson.<\/p>\n<\/blockquote>\n<p>Earlier, Visa had already approved launching a similar payment solution <a href=\"https:\/\/forklog.com\/en\/news\/binance-launches-pan-european-payment-card-with-cashback-in-bnb-tokens\">Binance<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/bakkt-launches-virtual-visa-debit-card-for-bitcoin-payments\">Bakkt<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/blockfi-launches-bitcoin-cashback-visa-card\">BlockFi<\/a>,<a href=\"https:\/\/forklog.com\/en\/news\/blockchain-com-launches-debit-card-with-crypto-cashback\"> Blockchain.com<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/australian-startup-cryptospend-to-launch-debit-card-in-partnership-with-visa\">CryptoSpend<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/ledger-to-launch-visa-cryptocurrency-card\">Ledger<\/a> and<a href=\"https:\/\/forklog.com\/en\/news\/bitcoinblack-launches-exclusive-visa-crypto-credit-card-in-the-uae\"> bitcoinblack<\/a>.<\/p>\n<p>In December 2021, the company announced the creation of a new <a href=\"https:\/\/forklog.com\/en\/news\/visa-to-drive-mass-adoption-of-bitcoin\">advisory division<\/a>, which will help clients navigate cryptocurrencies.<\/p>\n<p>Visa is also developing products aimed at <a href=\"https:\/\/forklog.com\/en\/news\/visa-to-enable-settlements-in-usdc-stablecoin\">stablecoins<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/visa-unveils-solution-for-cbdc-interoperability-in-the-payments-system\">CBDC<\/a>.<\/p>\n<p> Read ForkLog&#8217;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\u201d\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The payments giant Visa terminated its partnership with FTX after the bitcoin exchange filed for bankruptcy. Reuters reports.<\/p>\n","protected":false},"author":1,"featured_media":70053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1236,157],"class_list":["post-70052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-ftx","tag-visa"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=70052"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70052\/revisions"}],"predecessor-version":[{"id":70054,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/70052\/revisions\/70054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/70053"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=70052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=70052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=70052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}