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American Express Is Ready to Embrace the Metaverse and NFTs  -Breaking

by Mike Robinson

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American Express Is Ready to Embrace the Metaverse and NFTs

Service company that accepts payment cards American Express (NYSE:) Amex is looking at joining the metaverse. This will allow virtual transactions to be made and enable the Amex card to purchase NFTs from the metaverse.

Amex filed seven trademark applications with the U.S. Patent and Trademark Office in NFT and metaverse category. The trademarks contain the company’s name, logo, and membership rewards. They also list services and products such as the ‘Centurion Black Card,’ an exclusive credit card with no spending limit, and the ‘Shop Small’ program, a nationwide movement supporting small businesses and helping communities thrive.

Last October, Amex CEO Stephen Squeri stated that he doesn’t see crypto as a threat to the credit card industry. American Express does not currently have plans to offer a crypto-linked credit card, however the card has been approved for stablecoin transactions.

The Flipside

  • In February, Wall Street bank JP Morgan decided to enter the metaverse by opening a lounge in the ‘Decentraland’ virtual world, becoming the first bank worldwide to do so.

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