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Amex planning to use AI for ‘approving cards and lines of credit’
29.5.2023
American Express plans to extend its AI capabilities through partnerships despite having experimented internally with numerous machine learning-powered services
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
18.3.2023
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion...
Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’
28.2.2023
According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several cryptocurrency ventures that offered crypto debit cards...
ECB exclusive: Crypto payments 'not currently cost effective,' Amex exec says
28.6.2022
The American Express executive said that their firm is bullish on crypto and is actively working to incorporate more crypto-related services in the future
New American Express Credit Card Lets Shoppers Earn Crypto Rewards Tradable Across 100+ Cryptocurrencies
12.6.2022
American Express and Abra are launching a new credit card that will allow shoppers to earn cryptocurrency rewards “tradable across over 100 different cryptocurrencies” without annual or foreign transaction fees. American Express and Abra Launching Crypto Rewards Credit Card American...
Mastercard files 15 metaverse and NFT related trademarks
11.4.2022
Mastercard joins Visa and American Express with moves into the Metaverse as it seeks to increase revenue streams and remain competitive in the virtual economy
Blockchain Gaming Consortium, American Express & Crypto Trademarks + More News
16.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Blockchain Gaming Consortium, American Express & Crypto Trademarks + More News
Amex trademark filings suggest possible entry to the metaverse
15.3.2022
The major credit card company may be readying to provide “virtual concierge services” related to credit card transactions “in the metaverse and other virtual worlds.”
No credit for crypto — users react to Russia-issued credit card ban
8.3.2022
"Visa and Mastercard dig their own graves by politicizing their products and pushing people all over the world toward Bitcoin," said Marty Bent
Bitcoin Network Transaction Volume Surpasses American Express: Research
1.2.2022
A recent NYDIG report found that Bitcoin had settled more transaction volume in Q1 2021 than “all credit card networks combined for the entire year” when including intra-network transactions
American Express Sees Crypto as Asset Class — Says It’s Not a Near-Term Business Threat
29.1.2022
American Express (Amex) sees cryptocurrency as an asset class, according to CEO Steve Squeri. He added that right now, the firm does not see crypto as an immediate or medium-term threat to its business. American Express CEO Discusses Crypto Strategy The chairman and CEO of American Express (Amex)...
Amex CEO hints at exploring ways to allow credit card holders to redeem points for crypto
25.1.2022
“We’re exploring other ways, potentially, to redeem your membership rewards points, but I don’t think you’re going to see an American Express card linked to cryptocurrency anytime soon," said Stephen Squeri
Amex Ventures backs $55M Abra raise
15.9.2021
Venture capital continues to flow into the crypto industry, with high-profile investors such as American Express taking part in the new economy
American Express’ Venture Arm Invests in a Cryptocurrency Trading Platform
19.12.2020
American Express says its venture arm, Amex Ventures has invested in Falconx the cryptocurrency trading platform that focuses on serving institutional trading clients. Amex’s investment, which was announced during a record-breaking week for bitcoin, underscores the credit card issuer’s...
Italians Prefer BTC to Visa or Mastercard When Shopping Online
31.10.2019
BTC is a more popular online payment method in Italy than traditional credit cards, such as Visa, Mastercard and American Express