AMERICAN EXPRESS CEO ON CRYPTO
Stephen Squeri, CEO of the American Express, shared his opinion on how crypto will possibly change attitude towards traditional banking while digital currencies are taking over the market. Squeri believes, traditional credit card payments will not become the second option, amid growth of cryptocurrencies.
He noted that unlike crypto, traditional credit cards still offer clients rewards, service, ability for disputing charges, along with the ability to extend credit, but added that sees crypto more like an asset class at this time.
Currently, AMEX’s biggest role in the space is in the NFT and stablecoins universes, Squeri said, citing the card’s usage to buy digital collectibles such as NBA Top Shot.
