American Express To Offer Their First Crypto Rewards Credit Card in partnership with Abra

This is the first time American Express is launching a credit card that would provide rewards in Crypto currency.

The Abra Crypto Card was disclosed at the annual Consensus event in Austin, Texas.

The Abra Crypto Card is said to provide rewards in crypto on all purchases and there will be no minimum transaction amount cryteria.

Abra offers a platform token, ‘Crypto Perx’ (CPRX), which is expected be one of the options of earning rewards through the card

The Abra Card will also include all the benefits of AmEx card network as well.

These includes Amex Offers (for shopping, travel, dining, services, entertainment, etc.), presale ticket access, Global Dining benefits, and purchase protections,” according to the press release

Since this year, there are about 60 Million AmEx card holders

American Express’ president of Global Network Services Mohammed Badi said that Abra has “deep expertise in both crypto and traditional financial services” which makes them a perfect partner for the move.