Cryptocurrency Q&A
Will crypto replace American Express credit card?
Will crypto replace American Express credit card?
SamuraiCourageous
Wed Nov 20 2024
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7
answers
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I'm wondering if cryptocurrencies have the potential to replace traditional credit cards like American Express in the future.
7 answers
Tommaso
Fri Nov 22 2024
In November, Visa, a major competitor, terminated its global credit card agreements with FTX.
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SumoPowerful
Fri Nov 22 2024
This decision came as a significant blow to FTX, which had been relying on Visa's extensive network for its payment processing needs.
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mia_clark_teacher
Fri Nov 22 2024
Meanwhile, American Express, another prominent financial institution, had previously expressed openness to the use of cryptocurrency.
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Martino
Fri Nov 22 2024
In 2021, American Express had stated that it would consider using crypto as a potential option for redeeming reward points.
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Eleonora
Thu Nov 21 2024
However, in February of the following year, the company took a more cautious stance.
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