American Express News

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.

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.”

"Visa and Mastercard dig their own graves by politicizing their products and pushing people all over the world toward Bitcoin," said Marty Bent.

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.

“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.

Venture capital continues to flow into the crypto industry, with high-profile investors such as American Express taking part in the new economy.

Bitcoin is the third most-used online payment method in Italy, ahead of traditional credit cards like Visa, Mastercard and American Express.

The travel arm of financial services giant American Express has filed a new blockchain-based patent for “linking digital images with related records.”

The travel arm of financial services giant American Express has filed a patent for a blockchain-based proof-of-payment system.

American Express partners with online merchant Boxed to pilot a blockchain-based rewards program that can more specifically target promotions to customers.

ING has created a new solution for anonymity, claims better efficiency than Ethereum.

AMEX files patent on Blockchain-based personalized customer rewards system offering customer-specific types of rewards that include points, a digital currency, or specific items linked to a product.

Digital wallet Abra users may now purchase Bitcoin with their American Express cards.

The California-based annual Coachella music and arts festival began the shift towards cashless payments in 2014. This year the transition continued with all vendors accepting Android Pay, Apple Pay and Samsung Pay.

Visa has a dedicated team in London looking at specific use cases involving blockchain technology but argues that bitcoin won't reach mainstream acceptance "unless there is trust in the system"