Will credit cards be a key factor in the mass adoption of crypto?
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.credit card holders were “probably not gonna see a 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.
“You don’t have the service with [crypto], you don’t have the dispute rights with it, you’re not getting rewards, and you’re not extending credit,” said Squeri. “All of those values that occur within a credit card do not lend themselves to cryptocurrency.”“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.
Visa and Mastercard seem to be ahead of Amex when it comes to partnering with firms for crypto benefits from card holders’ purchases. In January 2021, crypto exchange Gemini
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Farfetch CEO sees tech innovation as key to ‘new luxury’Being slow to digitize luxury has kept brands from fully personalizing high-end retail experiences.
Baca lebih lajut »
WSJ News Exclusive | Activist Investor Calls on Peloton to Fire Its CEOAn activist investor wants Peloton to fire its CEO and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed
Baca lebih lajut »
Former Goldman Sachs CEO Undeterred by Cryptocurrency Sell-OffFormer Goldman Sachs boss Lloyd Blankfein believes that crypto is still happening despite the massive drawdown in prices
Baca lebih lajut »
Activist investor Blackwells Capital pushes Peloton to fire CEOActivist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday.
Baca lebih lajut »
Chamber of Digital Commerce CEO suggests fundamentals show Bitcoin is undervaluedPerianne Boring, the Digital Chamber of Commerce CEO, has said fundamentals show that Bitcoin is undervalued despite the asset undergoing... Continue reading
Baca lebih lajut »