Zipmex, a Singapore-based cryptocurrency exchange, has announced a collaboration agreement with Visa.
ZipSend, the exchange’s payment network, will be integrated into Visa’s global merchant network. Visa will also collaborate with 50 additional cryptocurrency platforms.
Later this year, Zipmex intends to launch Visa-branded payment cards.
Visa announced in July that its customers spent more than $1 billion on crypto-linked cards in the first half of 2021.
Visa announced in March that it would accept USD Coin to settle transactions on its payment network.