Amex CEO hints at exploring ways to allow credit card holders to redeem points for 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

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