After Mastercard, could Amex be next with crypto-linked credit card
The CEO of American Express believes cryptocurrencies have got nothing on traditional credit card payments. He believes credit card systems will continue to flourish, despite the rising popularity of this emerging sector.
In a recent interview with Yahoo, Amex Chairman Stephen Squeri revealed that he views top cryptocurrencies like Bitcoin, Ethereum, and XRP as being an asset class much similar to gold. According to the exec, clients of the payments giant don’t use their Amex cards to “buy stock” and would probably not do it for crypto either. And, that is why the world is “probably not going to see an Amex crypto-linked card anytime soon.”
Squeri went on to explain that this is because of the inherent qualities of cryptocurrencies. Ones that
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