American Express CEO Stephen Squeri, Yahoo! In a statement to Finance, he described crypto as a gold-like asset:
“You know what, I see it as a kind of gold”
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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.
“We probably won’t see a crypto-linked card from Amex anytime soon”
Squeri also stated that his company is dealing with stablecoins. They also frequently follow developments related to CBDCs.
