{"id":635361,"date":"2022-10-18T12:37:08","date_gmt":"2022-10-18T10:37:08","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=635361"},"modified":"2022-10-18T12:37:08","modified_gmt":"2022-10-18T10:37:08","slug":"ftx-and-visa-launch-cryptocurrency-debit-cards","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/635361\/ftx-and-visa-launch-cryptocurrency-debit-cards\/","title":{"rendered":"FTX and Visa launch cryptocurrency debit cards"},"content":{"rendered":"<p><a href=\"https:\/\/news.bitcoin.com\/visa-partners-with-ftx-to-roll-out-crypto-debit-cards-in-40-countries\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_term=October+2022\" target=\"_blank\" rel=\"noopener\"><strong>Bitcoin.com<\/strong> <strong>reports<\/strong><\/a> that Visa and FTX have partnered to roll out cryptocurrency debit cards in over 40 countries \u2013 including the US as well as certain Latin American, European, and Asian countries.<\/p>\n<p>FTX Cards will be linked to FTX cryptocurrency accounts and will allow users to pay for goods and services at merchants that accept Visa cards.<\/p>\n<ul>\n<li><a href=\"https:\/\/card.ftx.com\/?utm_source=BroadMedia&amp;utm_medium=Article&amp;utm_campaign=October+2022\" target=\"_blank\" rel=\"noopener\"><strong>Click here to learn more about FTX\u2019s cryptocurrency Visa debit card.<\/strong><\/a><\/li>\n<\/ul>\n<p>At the time of each transaction, FTX will automatically exchange the exact amount of cryptocurrency that you are being charged at the point of sale into the appropriate fiat currency.<\/p>\n<p>FTX will not charge any administrative or processing fees to debit card users, making transacting with these cards an attractive proposition for crypto owners.<\/p>\n<p>FTX users will also have their funds protected by the platform\u2019s industry-leading security standards, giving users peace of mind that their cryptocurrency is secure when transacting.<\/p>\n<p>\u201cAt Visa, we believe that digital currencies will have a lasting impact on the future of financial services and money movement,\u201d said Visa Head of Crypto Cuy Sheffield.<\/p>\n<p>FTX Global Head of Payments Adam Jacobs added that he is excited about how the Visa cards can make cryptocurrency more commonly used as a transactional payment method.<\/p>\n<p>\u201cThrough our partnership with Visa, we are continuing to see further expansion of the connection between digital assets and the global financial ecosystem,\u201d said Jacobs.<\/p>\n<p>FTX-branded Visa debit cards are planned to roll out in Europe before the end of 2022, while additional regional launches are planned globally in 2023.<\/p>\n<p><a href=\"https:\/\/card.ftx.com\/?utm_source=BroadMedia&amp;utm_medium=Article&amp;utm_campaign=October+2022\" target=\"_blank\" rel=\"noopener\"><strong>Click here to learn more about FTX\u2019s cryptocurrency Visa debit card.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX Cards will be linked to FTX cryptocurrency accounts and will allow users to pay for goods and services at merchants that accept Visa cards.<\/p>\n","protected":false},"author":57,"featured_media":635367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[17257],"class_list":["post-635361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-ftx"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/635361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=635361"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/635361\/revisions"}],"predecessor-version":[{"id":635369,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/635361\/revisions\/635369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/635367"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=635361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=635361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=635361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}