the first credit card with cryptocurrencies opened for transactions in the us. uu. dollars on the american express network and offers cryptocurrency rewards in any purchase category and amount, along with other benefits
austin, tx – consensus 2022 – June 13, 2022 – abra, a leading digital asset financial services company, today announced the abra crypto card, the first credit card with crypto rewards on american express network to be transacted in usa dollars and offers cryptocurrencies in any purchase category and quantity.
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The news is another step towards abra’s vision of helping to create an open global financial system that is easily accessible to all. unlike others, abra tightly integrates the ability to trade over 100 different cryptocurrencies, earn high returns on digital assets, and borrow against crypto holdings, all in one easy-to-use app.
earn crypto rewards
Cardholders will be able to use the Abra Crypto Card to redeem cryptocurrencies in any purchase category and amount. Crypto rewards will be tradable in over 100 different abra-backed cryptocurrencies with no annual or foreign transaction fees.
In addition, the Abra Crypto Card will offer several benefits from the American Express network, including Amex offers (for shopping, travel, dining, services, entertainment, etc.), access to pre-sale tickets, global dining benefits, and protections from buy .
The card will be powered by the amex/i2c platform, which enables fintechs to access pre-certified partners, including bank issuance container sponsors, making it faster and easier to market their payment innovations.
“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 the american express global payment network and amex/i2c platform,” said mohammed badi , president of global network services at american express. “we have a longstanding relationship with abra through our amex ventures investment portfolio, they have a wealth of experience in both crypto and traditional financial services, and we are now pleased to extend the brand and benefits of american express to their clients as the payment network for your first card.”
“We’ve made it super easy for anyone to trade cryptocurrencies, earn interest, and borrow against cryptocurrency holdings in one integrated app,” said bill barhydt, founder and CEO of abra. “Our collaboration with american express will now make it even easier to access and obtain cryptocurrencies. The news also represents another step towards eventually opening up an instant line of credit directly at the point of sale. this is the future of payments.”
“the amex/i2c platform enables financial innovators like abra to offer their customers a single payment product, while reducing the steps required to bring their payment products to market,” said amir wain, founder and director executive of i2c inc. “after our expanded global agreement with american express, we are proud to help bring this card to life in the us. wow.”
the abra crypto card is expected to first be available in late 2022. Join the early access waiting list for a chance to be among the first to apply for the card: https://www.abra .com/crypto-card- waiting list/
abra is a leading digital asset financial services company serving consumers, high net worth individuals and institutions. abra allows its clients to trade over 100 cryptocurrencies (including any-to-any pairs), earn high returns on their digital assets, and borrow dollars against their crypto holdings. the company’s vision is to help create an open global financial system that is easily accessible to all. abra capital management allows clients to access structured and actively managed investment funds and products. With over 2 million customers and growing, Abra has processed over $2 billion in crypto-backed loans and paid out millions of dollars in interest to retail and institutional clients. Founded in 2015 by Bill Barhydt, Abra’s investors include American Express Ventures, First Round Capital, Adams Street Partners, RR Ventures, Digital Currency Group, HCM Foxconn Capital, and Pantera Capital, among others. For more information, visit www.abra.com.
about american express
american express is a globally integrated payments company, providing customers with access to products, knowledge and experiences that enrich lives and build business success. learn more at americanexpress.com and connect with us at facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress and youtube.com/americanexpress. key links to corporate responsibility products, services and information: personal cards, business cards, travel services, gift cards, prepaid cards, business services, acertify, kabbage, resy, corporate card, business travel, diversity and inclusion, responsibility corporate and environment, social and government reports.
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