Visa partners with FTX in a bet that shoppers still want to spend cryptocurrencies in a bear market
In this article V Follow your favorite stocks CREATE FREE ACCOUNT Visa payment cards laid out on a computer keyboard. Matt Cardy | Getty Images Visa is betting that crypto investors still want to spend their digital currencies , even as prices plummet this year. The payments giant is teaming up with global exchange FTX to offer debit cards in 40 countries with a focus on Latin America, Asia and Europe. The cards, which are already available in the U.S., will link directly to a user's FTX cryptocurrency investing account. The move allows customers to spend digital currencies without moving those off an exchange, "like you would with any bank account," according to Visa's CFO. "Even though values have come down there's still steady interest in crypto," Visa CFO Vasant Prabhu told CNBC in a phone interview. "We don't have a position as a company on what the value of cryptocurrency should be, or whether it's a good thing in the long run -...