Amex CEO hints at exploring ways to allow credit card holders to
American Express (NYSE:) 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! (NASDAQ:) Finance, Amex CEO Stephen Squeri said 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. The CEO said he considered major cryptocurrencies 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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