The largest payment processor in the world, Visa Inc (V.N), said that it was terminating its global credit card arrangements with the defunct cryptocurrency exchange FTX.
A Visa representative told Reuters, “The situation with FTX is regrettable, and we are watching developments closely.”
“We have ended our global partnerships with FTX, and their issuer is winding down its U.S. debit card operation.”
Early in October, FTX and Visa announced an extended cooperation, outlining intentions to roll out account-linked Visa debit cards in 40 more nations.