Spending crypto coins seems to be a lot easier for users of the FTX exchange. The crypto exchange is going to issue a payment card in collaboration with Visa. This card will be issued in more than 40 countries around the world.
This partnership will allow FTX users to purchase products without paying additional fees. In addition, owning the debit card is free, according to the company’s website.
The founder of the crypto exchange, Sam Bankman Fried, had long planned to issue such a debit card. His company’s decision to do this in partnership with one of the world’s largest payment providers, Visa, is considered by many to be great news.
Just after the announcement, the FTX token shot up more than 8 percent. However, this price increase seems short-lived, because the price has already fallen considerably.