- Cryptocurrency exchange WhiteBIT and Visa have signed a memorandum of intent to partner on finance and digital assets.
- WhiteBIT wants to build relationships with banks and fintech companies that partner with Visa.
Cryptocurrency exchange WhiteBIT and payment giant Visa have signed a memorandum of intent to cooperate. Platform representatives told Incrypted that the companies will work together to create partnerships with banks and financial institutions that are interested in introducing cryptoasset-related products.
The collaboration will take place in the markets of the CEMEA region, which includes Central and Eastern Europe, the Middle East and Africa.
Visa Payment System is an official partner of more than 50 cryptocurrency companies, including Coinbase, PayPal, BlockFi, Robinhood and others. The future partnership is expected to help WhiteBIT gain experience and implement its own solutions for users.
“Our company’s global goal and mission is to achieve mass adoption of blockchain technology. Therefore, it is extremely important for us to have Visa as our strategic partner to achieve it. The cooperation will help integrate cryptocurrencies into the mainstream financial sector,” said WhiteBIT founder and CEO Vladimir Nosov.
WhiteBIT is a cryptocurrency exchange with Ukrainian roots, founded in 2018. It employs more than 1,000 professionals. The exchange features more than 350 trading pairs, 270 digital assets and 10 government currencies. The highest average daily trading volume is more than $2.5 billion.
“By signing a memorandum with WhiteBIT, we intend to help the company work with banks and fintech companies to implement card programs where appropriate legislation is in place,” commented Eugene Lisniak, senior director of strategic partnerships and fintech at Visa CISSEE.
In early August, the cryptocurrency exchange announced the launch of its main WB Network.