AmEx reveals its US crypto rewards credit card

Friday, 10. June 2022 21:00

The American Express Company revealed on Friday a new partnership with digital-assets services giant Abra, launching the Abra Crypto Card which will allow users to "earn cryptocurrency rewards on their purchases through the Amex network," Abra CEO Bill Barhydt explained in an interview with CoinDesk.

"This has been a long time coming and is the first American Express crypto product," stated Abra's CEO, adding "Amex retail offers from hundreds of merchants are integrated into the app with the whole fraud and purchase protection all integrated with the Abra wallet."

The company has not yet disclosed details on which cryptocurrencies will be available to users, however, the crypto rewards credit card which is expected to be launched by the end of the year will allow users to receive prizes such as restaurant benefits that are already available on the Amex platform.

Related Links: American Express Company
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Baha Breaking News (BBN) / AB