Visa Inc, the world’s largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX.
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“The situation with FTX is unfortunate and we are monitoring developments closely,” a Visa spokesperson told Reuters.
“We have terminated our global agreements with FTX and their U.S. debit card program is being wound down by their issuer.”
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FTX and Visa had announced an expanded partnership in early October, including plans to introduce account-linked Visa debit cards in 40 new countries.