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The digital currency FTT rises to its highest level in 3 weeks … Find out the reasons for its rise

The digital currency FTT rises to its highest level in 3 weeks … Find out the reasons for its rise

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Answer The digital currency FTT rises to its highest level in 3 weeks … Find out the reasons for its rise

FTT Digital Currency is the official digital currency of the FTX cryptocurrency exchange.

Recently, the financial services company “Visa” teamed up with the cryptocurrency trading platform “FTX” to offer debit cards in 40 countries around the world.

The cards are already available in the US and will be arriving in other Asian countries, Latin America and Europe soon.

Visa increases its presence in the crypto arena:

In an interview with CNBCVasant Prabhu, Chief Financial Officer of Visa, noted that the ongoing crypto winter has not discouraged Visa from being interested in cryptocurrencies.

Read:Hedera Hashgraph Project Unveils Mainnet Launch Date

He explained that the cards launched by his company and “Visa” are directly linked to users’ crypto accounts, and they can spend their possessions without transferring them from the platform as you would with any bank account.

Prabhu added that Visa does not want to take a position on the long-term value of the cryptocurrency market or whether it is a suitable investment vehicle.

But he stressed that the company will provide cryptocurrency services as long as the sector is attractive to more people.

Sam Bankman-Fried, founder and CEO of FTX, commented that traditional payment companies must choose to either embrace the crypto industry or fight it.

He praised the decision of many of these companies, including Visa, for choosing the option to incubate the crypto industry.

Bankman revealed that the cards are already available on US soil.

In his view, it could be more useful in other countries where national currencies have depreciated to alarming levels, such as Turkey and Argentina.

It is worth noting that the cooperation between “Visa” and FTX positively affected the price of the digital currency FTT.

Read:New study: Satoshi Nakamoto is the one who created the Monero coin too!

Several hours ago, the price rose above $25.62, a record price for the past three weeks.

Currently at the time of publication of the article, the digital currency FTT is trading at $24.43.

Read also:

Will Bitcoin continue to slide especially after the stock market closes sharply lower?

After the robbery…Team Binance prepares for governance votes on what to do


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