Visa Cuts Ties with FTX Global Debit Card Program: Defunct

Payment processing giant Visa has terminated its crypto debit card partnership with the bankrupt FTX crypto exchange. This action effectively renders the FTX global debit card program defunct, leaving users without access to those payment options. Amid last week’s ordeal with FTX, leading 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. We have terminated our global agreements with FTX and their U.S. debit card. The situation On Sunday, Visa Inc - the world's largest payments processor -said it was severing its global credit card agreements with collapsed crypto exchange FTX. The situation is rapidly evolving, but the severing of ties by Visa signals a significant setback for FTX and its users, impacting access to global payment networks.