American Express Chief Views Bitcoin as a Competitor
While competitors like Mastercard are embroiled in acrimony with Bitcoin and it's proponents, American Express (AMEX) has a more diplomatic approach to the digital currency. Globally, American Express holds a distant third position in credit card transaction volume behind Mastercard and industry leader Visa. American Express Chief Executive Ken Chenault shows respect to Bitcoin technology and what it may offer to the future of finance. Still, he does view it as more of a direct competitor than a potential ally. Also read: Mastercard Attacks Bitcoin in Australia. American Express: People....
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American Express (Amex) sees cryptocurrency as an asset class, according to CEO Steve Squeri. He added that right now, the firm does not see crypto as an immediate or medium-term threat to its business.
American Express CEO Discusses Crypto Strategy
The chairman and CEO of American Express (Amex), Steve Squeri, answered some questions regarding cryptocurrency during the company’s Q4 earnings call Tuesday.
Squeri said: “As far as cryptocurrency goes, we watch cryptocurrencies … We think about the spectrum of digital currencies. We think about....
American Express and Abra are launching a new credit card that will allow shoppers to earn cryptocurrency rewards “tradable across over 100 different cryptocurrencies” without annual or foreign transaction fees.
American Express and Abra Launching Crypto Rewards Credit Card
American Express (Amex) and crypto trading platform and wallet provider Abra announced the upcoming launch of the Abra Crypto Card on the American Express network Friday. Abra described the new card as:
The first crypto rewards credit card on the American Express network that will transact....
Credit card giant American Express has joined the Linux Foundation-led open-source cross-industry blockchain working group, the Hyperledger Project. In yet another noted example of the traditional financial services industry turning to Fintech’s poster child in blockchain technology, American Express has joined the Hyperledger Project as a ‘Premier’ member. In a statement, American Express information chief and vice president Marc Gordon said: We’re excited to join Hyperledger, as we’re looking to take full advantage of blockchain to deliver new and innovative products for our customers....
CEO and chairman of American Express Kenneth Chenault let everyone know his feelings towards bitcoin and related digital currencies on Thursday at the New York Times DealBook conference in Manhattan, and in a surprising twist Chenault's words were rather, well... Respectful... Bitcoin has garnered some angry and distrusting feelings from members in the traditional finance scope; particularly from credit card giant Mastercard, who's president of its South East Asia division, Matthew Driver, went so far as to call bitcoin "unstable," and therefore untrustworthy. In an interview in January....
In the traditional world of finance, there are a handful of major players when it comes to credit and debit cards. Visa and MasterCard are the two biggest brands, but American Express is trying to make a comeback as well. Unfortunately for AmEx, a recent announcement by Fidelity Investments sees the company losing ground in favor of Visa and Bancorp. Unlike these financial services, Bitcoin is not suffering from fractured support, as there is only one currency in play that works for everyone in the world. American Express Loses Ground in Plastic Card Sector. Keeping oneself relevant in the....