Amex CEO hints at exploring ways to allow credit card holders to redeem point...
“We’re exploring other ways, potentially, to redeem your membership rewards points, but I don’t think you’re going to see an American Express card linked to cryptocurrency anytime soon," said Stephen Squeri. American Express credit card holders may one day be able to redeem points for cryptocurrencies, but the company has no immediate plans to issue a crypto-linked credit card.In a Tuesday interview with Yahoo! Finance, Amex chief executive officer Stephen Squeri said credit card holders were “probably not gonna see a Amex crypto-linked card anytime soon” but the company was already....
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The American Express executive said that their firm is bullish on crypto and is actively working to incorporate more crypto-related services in the future. Gonzalo Pérez del Arco, the director of government affairs in South Europe for card payment giant American Express, believes that making payments with crypto is not cost-effective at present.Pérez’s comments came during an exclusive chat with Cointelegraph editor Aaron Wood at European Blockchain Convention 2022, where he discussed American Express’ current crypto-related plans and future prospects.Pérez explained that several factors....
Making payments with a credit card is very convenient, as this method of value transfer is accepted both online and in-store all over the world. But at the same time, so many different third party players are involved in the processing of credit cards, leaving customers exposed to financial information being stolen. Amex users have received a letter from the card issuer informing them about a potential hack recently. Bitcoin users could take note from this lesson, though, as there is no need to trust third parties with digital currency either.
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....
American Express says its venture arm, Amex Ventures has invested in Falconx the cryptocurrency trading platform that focuses on serving institutional trading clients. Amex’s investment, which was announced during a record-breaking week for bitcoin, underscores the credit card issuer’s desire to cash in on the growing institutional interest in cryptocurrencies. Amex Venture’s Long Term Interest in Cryptos According to a report, Amex Ventures’ acquisition of a stake in Falconx is the culmination of an investigation into cryptocurrencies that took an unknown number....
With mobile payments being the next big thing in the world of finance, many eyes are on new services such as Samsung Pay and Apple Pay. Even though both payment methods make it easier to spend funds with a mobile device, they are far from solving inherent problems with the financial industry. American Express corporate card customers can now start using Apple Pay as well. Paying for goods and service on-the-go, rather than dealing with cash or handing over a credit card to a cashier, sounds like a perfect payment method. On paper, that is, as popular payment systems such as Apple Pay have....