Credit card companies are trying to sweeten the perks they offer their customers, and American Express is doing just that through a new partnership with crypto wealth management platform and wallet provider Abra. The companies’ CEOs announced the launch of the Abra Crypto Card on the Amex network today at Coindesk’s Consensus conference in Austin, Texas.
The card will allow users transacting in U.S. dollars to earn cryptocurrency rewards on their purchases through the Amex network, Bill Barhydt, founder and CEO of Abra told TechCrunch in an interview.
Abra declined to share details on which cryptocurrencies will be available to users in the first version of its card, which will launch late this year, but Barhydt said the offering will eventually allow users to choose to receive their rewards through multiple different cryptocurrencies as well as traditional rewards such as entertainment and dining-related perks already offered on the Amex platform.
Users can choose to receive...
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