New American Express Credit Card Allows Shoppers to Earn Crypto Rewards Tradable in Over 100 Cryptocurrencies – Featured Bitcoin News


American Express and Abra are launching a new credit card that will allow shoppers to earn cryptocurrency rewards “tradable in over 100 different cryptocurrencies” with no annual or foreign transaction fees.

American Express and Abra Launch Crypto Rewards Credit Card

American Express (Amex) and cryptocurrency trading platform and wallet provider Abra announced the upcoming launch of the Abra Crypto Card on the American Express network on Friday. Abra described the new card as:

The first crypto rewards credit card on the American Express network to transact in US dollars and offer crypto returns on any purchase category and amount.

“Crypto rewards will be tradable in more than 100 different Abra-backed cryptocurrencies, with no annual or foreign transaction fees,” the crypto company detailed.

The Abra Crypto Card will offer various benefits from the American Express Network, including Amex deals, access to pre-sale tickets, global dining benefits and purchase protections, Abra noted.

Mohammed Badi, President of Global Network Services at American Express, commented: “One of the ways we support the evolution and innovation of commerce is by making it easier for fintechs to develop and scale innovative payment solutions leveraging American Express’ global payments network. and the Amex/i2c platform”. The Amex executive added: “We have a long-standing relationship with Abra through our Amex Ventures investment portfolio.”

Interested customers can now join the waiting list for the card, which Abra hopes will “first be available in late 2022.”

Additionally, the crypto firm on Friday announced a new feature to buy and sell non-fungible tokens (NFTs) “with managed custody and [a] full collection gallery in the Abra app that will remove the hassles and minimize the risks of using defi [decentralized finance] wallets.”

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Will you apply for this crypto rewards card from American Express? Let us know in the comments section.

kevin helms

Kevin, an Austrian economics student, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in the security of Bitcoin, open source systems, network effects, and the intersection between economics and cryptography.

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