Huobi has unveiled plans to collaborate with Visa to launch the Huobi Visa Card globally, starting with Europe.

Huobi announced plans to cooperate with Visa, a world leader in digital payment, to issue the Huobi Visa Card worldwide. This cooperation aims to bring a more efficient fiat-to-crypto gateway for its users and promote the development of the virtual asset industry.

In the present scenario, Visa has deployed a team of professional engineers and researchers who are actively engaged in putting their minds together to closely study matters related to the foundations of the different blockchains. Part of the research and analysis is based on facts related to safety and security, coupled with factors pertaining to upgrade possibilities of upgradation. Also thrown are matters of interoperability in the blockchains, along with all privacy and transparency-related aspects attached to the different protocols. This entire exercise aims to identify the probable cases that are fit for utilization.

Visa has proposed a blockchain account design that could allow Ethereum users to arrange auto-payments from a self-custodied wallet. The company says that this allows users to set up recurring bill payments.

The new VISA debit card from ZELF allows users to use various crypto assets. But, it is impossible to get it now.

American fintech company ZELF has introduced an anonymous Visa debit card to be accepted at any of Visa’s 80 million locations worldwide. 

In a recent interview, <a href="https://www.linkedin.com/in/alfredkelly/">Alfred F. Kelly, Jr.</a> (aka “Al Kelly”), who is Chairman and CEO of Visa Inc., said that he hopes that the collapse of FTX will lead to good crypto regulation,&nbsp; "I hope one good thing that comes out of this FTX disaster for their investors and their employees, is that we see an acceleration towards regulation and leaning into good stablecoin regulation. Because I think that that is what’s necessary to build back confidence for people. And we’ll see over time..."

The world’s largest payment processor – Visa – has terminated ties with FTX less than a month after introducing a new debit card program.