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NEW YORK: Visa Inc, the world’s largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX.
“The situation with FTX is unfortunate and we are monitoring developments closely,” a Visa spokesperson told Reuters.
“We have terminated our global agreements with FTX and their U.S. debit card program is being wound down by their issuer.”
FTX and Visa had announced an expanded partnership in early October, including plans to introduce account-linked Visa debit cards in 40 new countries.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
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John Miller has been writing about science, gaming, and tech culture for over a decade. He’s a top-rated reviewer with extensive experience helping people find the best deals on tech and more.
