Visa joins FTX to embrace decentralized technologies and offers them via new crypto card in 40 countries
The main selling point of the new card is the ability to sell assets without going through a painful conversion process, usually followed by high fees. Without moving assets off an exchange, investors will not pay any additional fees and go through the process of waiting for transactions to happen.The move made by the payment giant seemed unusual considering existing market conditions.
During the rise of NFTs on the market, Visa partnered with Bakkt to let banks and merchants offer crypto-related services. The CEO of FTX noticed the irony in the whole partnership considering the purpose of Bitcoin and other digital currencies that were initially designed to get around banks and payment companies similar to Visa. However, he is happy that traditional financial companies are embracing the new technology instead of opposing it for no reason.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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