Is American Express Launching Ripple Crypto Card? Fact Check

Social media has been buzzing with claims that American Express is rolling out a crypto-spendable card in partnership with Ripple. 

The excitement started when an account called “XRP Chancellor,” with around 11,000 followers, tweeted: “BREAKING: American Express JUST Confirmed the start of manufacturing the first crypto-spendable card in conjunction with Ripple #XRP.”

The tweet quickly gained attention, spreading across the crypto community and sparking a lot of speculation. To add fuel to the fire, another user shared: “BREAKING: American Express & Ripple Make Crypto History!”

Things only escalated when a post on Binance Square made even bolder claims about the rumored card. According to the post, this would be the first-of-its-kind card that allows users to spend crypto seamlessly, process transactions instantly via Ripple’s blockchain, and accelerate the mainstream adoption of crypto payments.

It suggested that the card would bridge fiat and crypto economies globally while offering Amex rewards alongside secure, instant blockchain transactions.

The crypto world was abuzz with claims that American Express was making a big leap into digital currency. The excitement was understandable, but was it actually true?

So far, there’s been no official word from either American Express or Ripple about any plans to launch a crypto-spendable card. While the two companies did team up in 2017 to improve cross-border payments using blockchain technology, that collaboration had nothing to do with issuing a consumer crypto card.

A thorough check of official statements, company websites, and reliable financial news sources brings up no evidence to back these claims. At this stage, it seems like all speculation, mostly fueled by social media chatter. 

Until American Express or Ripple releases an official statement, the idea of a crypto card remains just that—a rumor. It’s always a good idea to double-check the facts before passing along unverified information.