FTX to Launch Account-linked Visa Debit Cards in 40 new Countries

• FTX to launch FTX account linked visa debit card in 40 new countries.
• The card will be launched initially across Latin America with rollouts in Europe and Asia.
• This debit card is currently available in the United States.

Cryptocurrency exchange FTX, today announces the launch of FTX account-linked visa debit cards in 40 new countries. This card was introduced nine months earlier in the U.S.

FTX will offer FTX-branded Visa debit cards to FTX customers internationally with a focus on Latin America, Europe and Asia in the initial rollout. The official registration for the waitlist for visa cards is now open at https://card.ftx.com/

The CEO of FTX, Sam Bankman-Fried, said in a statement, “We’re excited to partner with one of the world’s largest payment networks to give our users the ability to use their crypto to fund purchases at millions of merchants around the globe. 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.”

However, initially, there will be no rewards for spending via the card just like Coinbase, which rewards for spending with its visa debit card.

Cuy Sheffield, Head of Crypto at Visa said in a statement, “We’re excited to partner with leading crypto exchanges like FTX to bring more flexibility and ease-of-use to the way people use their crypto—unlocking the ability to use a crypto balance to fund purchases anywhere Visa is accepted.”

He added, “At Visa, we believe that digital currencies will have a lasting impact on the future of financial services and money movement.”

Adam Jacobs, Global Head of Payments at FTX, commented, “Through our partnership with Visa, we are continuing to see further expansion of the connection between digital assets and the global financial ecosystem. With the FTX-linked Visa debit cards, individuals can now tap into their cryptocurrency holdings for everyday spending opportunities.”