How can Visa itself be part of things like Blockfi and FTX?

https://usa.visa.com/visa-everywhere/blog/bdp/2021/07/06/crypto-linked-cards-see-1625612645562.html

In last decade many crypto companies were using middle banks to offer physical card services. So many services/cards cancelled because many banks were against it and VISA/MC were not clear about supporting it directly. But last year or so Visa itself directly partnered with it.

After all years these were the one they decided with all DD, expertise and financial knowledge? I mean Visa is not some VC or bank, they are way beyond them I think.

Sounds so fishy tbh.

There is a direct link to blockfi.com CC, imagine using it because of trusting Visa just to lose a lot?