Amex CEO hints at exploring ways to allow credit card holders to redeem points for crypto -Breaking
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American Express (NYSE:) Credit card holders might be able one day to redeem points to cryptocurrencies. However, the company doesn’t have any immediate plans for issuing a crypto linked credit card.
Yahoo! interviewed Stephen Squeri Tuesday in a interview (NASDAQ:) Finance, Amex CEO Stephen Squeri credit card holders were “probably not gonna see an Amex crypto-linked card anytime soon” but the company was already involved in using cards for stablecoins, and monitored for central bank digital currency developments from the U.S. government. According to the CEO, major cryptos like (BTC) as “more of an asset class” like gold, but did not think they would facilitate payments in the same way as credit cards, given their price volatility.
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