Crypto exchange Zipmex in Asia-Pacific tie-up with Visa

Singapore-headquartered cryptocurrency exchange Zipmex has announced that it has struck a cooperation agreement with Visa.

Fast facts

• The exchange’s payment network, ZipSend, will be integrated into Visa’s global merchant network. Visa will also cooperate with another 50 cryptocurrency platforms.

• Zipmex plans to launch Visa-branded payment cards later this year.

• In July, Visa said that its customers had spent more than US$1 billion using its crypto-linked cards in the first half of 2021.

• In March, Visa announced that it would allow the use of USD Coin to settle transactions on its payment network.