American Express sees Krypto as an investment class - says it is not a short -term threat to business - featured
American Express sees Krypto as an investment class - says it is not a short -term threat to business - featured
According to CEO Steve Squeri, American Express (AMEX) sees cryptocurrencies as an investment class. He added that the KRYPTO company is currently not seeing an immediate or medium -term threat to his business.
CEO from American Express discusses crypto strategy
The chairman and CEO of American Express (Amex), Steve Squeri, answered some questions about the cryptocurrency during the company's Q4 profit conference on Tuesday.
Squeri said: "As far as cryptocurrencies are concerned, we watch cryptocurrencies ... We think about the spectrum of digital currencies. We think of crypto. We think of stable coins. We think about the digital currency of the central bank according to [CBDC]." The CEO continued:
At the moment we consider cryptocurrency as a asset class.
In terms of the use of crypto as a currency for payments, he said: "This is difficult to use in this way".
The leaders of American Express noted: "And as far as the blockchain is concerned, we have investments in blockchain companies ... We are constantly looking at the blockchain and find out, 'Are there applications for us?'"
In terms of stablecoins and non -fungible tokens (NFTS), Squeri said: "As far as stable coins and NFTS and the like is concerned, we obviously work with the NBA and TOP Shot. And we will look for ways to get involved."
The CEO, however, reveals: "We will probably not offer cryptocarte."
he said:
We keep an eye on the cryptocurrency if it becomes more stable. But at the moment I don't see it so [in] the immediate or medium -term threat of our business.
What do you think about the crypto strategy that American Express pursues? Let us know in the comment area below.
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