During the company’s Q4 earnings call on Tuesday, Steve Squeri, chairman and CEO of American Express (Amex), answered several concerns about bitcoin.
Squeri said: “As far as cryptocurrency goes, we watch cryptocurrencies… We think about the spectrum of digital currencies. We think about crypto. We think about stablecoins. We think about the central bank’s digital currency [CBDC].”
“That’s a challenging thing to utilise that way,” he remarked of crypto’s usage as a payment currency.
“And in terms of blockchain, we’ve invested in blockchain firms,” the American Express CEO continued. We’re always researching blockchain to see whether it has any potential implications for us.
Squeri stated of stablecoins and non-fungible tokens (NFTs), “We’re cooperating with, obviously, the NBA and Top Shot as far as stablecoins and NFTs and stuff like that.” We’ll also look for ways to participate.
The CEO commented, “We’re probably not going to sell a crypto card.”
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