American Express To Offer Their First Crypto Rewards Credit Card

Name	Symbol	Market	Market Cap ($)	Algorithm
Nexo	NEXOUSD	Crypto	672,000,010	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Nexo

NEXOUSD

Crypto

672,000,010

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	1.20	1.07	1.32

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

1.20

1.07

1.32

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.20	1.20	1.20	1.20	0.490000 - 1.59

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.20

0.490000 - 1.59

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	15:27:22	129.30	1.20	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

15:27:22

129.30

1.20

USD

Price x Volume	Volume	Base Symbol	Related Pairs
0.00000000	0.00000000	NEXO	NEXOEUR	NEXOGBP	NEXOBTC

Price x Volume

Volume

Base Symbol

Related Pairs

0.00000000

American Express To Offer Their First Crypto Rewards Credit Card

11/06/2022 6:49am

NEWSBTC

American Express is rolling out it’s first-ever crypto rewards credit card as part of a partnership with Abra, according to a joint announcement at this week’s crypto conference Consensus in Austin. The announcement is a move in the footsteps of other major credit card providers, most notably Visa and Mastercard, but is still a major call-out in crypto integration into the current credit card landscape. There are over 60M AmEx holders according to figures from earlier this year – and now the network will bring access to direct cryptocurrency rewards for spending for the first time ever with a partner card with Abra. American Express And Abra Team Up The ‘Abra Crypto Card’ was unveiled at the annual Consensus event in Austin, Texas today, and will offer crypto rewards for any purchase category and amount, according to the formal press release. Abra offers a platform token, ‘Crypto Perx’ (CPRX) that is expected to be alongside a variety (but thus far undisclosed) of top tokens as options for earning rewards. It was a big day for the team at Abra, who paired the American Express announcement with news that their app would support custody and gallery views of NFTs. American Express’ president of Global Network Services Mohammed Badi stated that Abra brings “deep expertise in both crypto and traditional financial services” that makes them a fitting partner for the endeavor. 'Crypto Perx,' (CPRX) is the native platform ERC-20 token for Abra; the token saw strong positive price reaction to the news around Abra's new credit card on the AmEx network. | Source: CPRX-USD on TradingView.com Related Reading | Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund Join The Club Visa and Mastercard are two of the most commonly-recognized names in the credit card business, but don’t sleep on American Express, who is only behind Citibank, Chase, and the two aforementioned top dogs when it comes to card issuance. AmEx has carved out a long-time niche of serving top dollar customers and offering commensurate rewards. The Abra card is expected to bring those rewards along with it too, with rewards from the slate of the AmEx network, including “Amex Offers (for shopping, travel, dining, services, entertainment, etc.), presale ticket access, Global Dining benefits, and purchase protections,” according to the press release. Abra joins a growing list of crypto-native card issuers with crypto rewards, including the likes of BlockFi, Gemini, Nexo and others. Even companies that aren’t crypto-first, such as Venmo and SoFi, are offering crypto reward cards. Related Reading | Head To Head: Bitcoin, Ethereum Profitability For Investors Featured image from Pixabay, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

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