Abra introduces first crypto rewards card on American Express network

Abra introduced the first credit card on the American Express network that will transact in US dollars and offer crypto rewards.

Rewards will be tradable in more than 100 different cryptocurrencies supported by Abra.

There will be no annual or foreign transaction fees, the company said in a news release.

The Abra Crypto Card will also offer benefits from the American Express Network, including offers for shopping, travel, dining, and entertainment.

It is expected to be available in late 2022.

Bill Barhydt, founder and CEO of Abra, said: "This is the future of payments".

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