American Express considers cryptocurrencies as an asset class-not a short-term business threat American Express CEO considers crypto as an asset class – rejects crypto as a short-term business threat According to CEO Steve Squeri, American Express (Amex) considers cryptocurrencies as an asset class. He added that the company does not currently see crypto as an imminent or medium-term threat to its business. American Express CEO discusses crypto strategy Steve Squeri, Chairman and CEO of American Express (Amex), answered some questions about cryptocurrencies at the company’s fourth-quarter earnings briefing on Tuesday. Squeri states: “As far as cryptocurrencies are concerned, we are monitoring cryptocurrencies … we are thinking about the spectrum of digital currencies. We are thinking about cryptocurrencies. We think about Stablecoin. I am considering the central bank’s digital currency [CBDC].
CEO continued: At this particular point, we consider cryptocurrencies to be a more asset class. Regarding the use of crypto as a currency for payments, he said, “it’s difficult to use this way.” American Express executives added, “When it comes to blockchain, we are investing in blockchain companies.” We are always looking at blockchain and thinking, “Are there any use cases for us?” Commenting on stablecoin and non-fungible tokens (NFT), Squeri said: I’m using the NBA and Top Shot together. And we look for ways to get involved. But the CEO said, “I probably won’t provide a crypto card.”
