[ccpw id="39382"]

HomeCrypto NewsExchangesFTX Exchange Launches FTX Visa Cards That Will Enable Users To Spend Their Balances At Merchants Worldwide

FTX Exchange Launches FTX Visa Cards That Will Enable Users To Spend Their Balances At Merchants Worldwide

Date:

Written By:

FTX launches debit cards in collaboration with Visa.



Cryptocurrency exchange FTX has announced plans to issue a Visa debit card and has opened a waiting list.

- Advertisement -

Visa FTX users will pay by card worldwide using their exchange balances in digital currencies. Assets will be automatically converted into the required amount in fiat at the time of payment.

“This will allow you to keep your cryptocurrency,” FTX noted.

- Advertisement -

The exchange said it would not charge transaction fees but warned of the possibility of third-party fees.

According to the exchange, the FTX card has the following feature:

  • Crypto held within your FTX account will automatically exchange the exact amount at the point of sale, allowing you to keep your crypto as crypto.
  • FTX protects all user’s funds.
  • FTX Visa Card gives users instant access to spend their crypto 24 hours a day.
  • FTX Visa Card is completely free! FTX will not charge any administrative or processing fees.

Visa has previously approved launching a similar payment solution by several crypto companies, including Binance, Bakkt, BlockFi, CryptoSpend, and Ledger.

The American exchange Gemini and the Australian platform CoinJar issued cryptocurrency cards with payment giant Mastercard.

A survey conducted by Visa showed that in 2022, 40% of its customers plan to use digital assets.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Author

Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

More from Author

Latest Stories

Guides