Visa Added In List To End Ties With FTX

November 14, 2022

Visa spokesperson told Reuters "The situation with

FTX is unfortunate

and we are monitoring developments closely".

Furthermore, "We have terminated

our global agreements with FTX

and their US debit card program is being wound down by their issuer."

In early October,

FTX and Visa

announced an expanded partnership.

In the release published earlier, as a part of the alliance, FTX was to begin by offering FTX-branded Visa debit cards to

FTX customers internationally .


initial focus

was on countries in Latin America, Europe and Asia.

Earlier, they also planned to introduce account-linked Visa debit cards in

40 new countries.

Miami-Dade County and the Miami Heat

have also terminated their relationship with FTX.