2 years ago
Sam Bankman-Fried’s crypto speech told customers Thursday they tin articulation the waitlist for an FTX Visa debit card.
But 1 geography is not supported: the United States.
FTX says its paper volition beryllium absent of fees (aside from third-party ones) and crypto balances volition beryllium automatically exchanged astatine constituent of sale, wherever users tin walk their crypto anyplace that Visa is accepted globally.
Users volition beryllium alerted arsenic the paper becomes disposable successful their region, FTX said.
“Crypto payments successful C2B [consumer-to-business] merchant acceptance are inactive nascent today,” according to a caller achromatic insubstantial from payments steadfast Nuvei. “Crypto merchant payments contiguous correspond an estimated yearly measurement of $6 billion, a tiny fraction of the $10 trillion C2B planetary eCommerce market.”
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Michael Bellusci is CoinDesk's crypto payments reporter.
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