The largest payment processor in the world, Visa Inc., announced on Sunday that it was terminating its global credit card relationships with the defunct cryptocurrency exchange FTX. A Visa representative told Reuters, “The situation with FTX is regrettable, and we are monitoring developments closely.”
“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.
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