American Express CEO Stephen Squeri, Yahoo! In a statement to Finance, he described crypto as a gold-like asset:
Contact us to be informed about the last minute developments. Twitter and Telegram you can follow our channel.
Squeri thinks cryptos will not be successful as a means of payment due to volatility. Additionally, he says, crypto holders are deprived of dispute rights, rewards, and credit expansion capabilities. For this reason, American Express is coldly approaching its plan to issue a crypto-linked credit card.
Squeri also stated that his company is dealing with stablecoins. They also frequently follow developments related to CBDCs.