Financial services Titan JPMorgan works together with the best US-based crypto exchange platform Coinbase to link bank accounts to crypto portfolios.
According to a new press releaseThe bank giant works together with Coinbase to launch a direct bank-to-wallet connection for customers, which also makes the use of Chase-Credit cards on the crypto exchange possible.
Customers can transfer their Chase release points to Coinbase, marking the first time that credit card reclons have been used directly to finance crypto portfolios.
JPMorgan says that with this collaboration it hopes to make buying digital assets easier and safer than ever.
As mentioned by Melissa Feldsher, Head of Payments and Leennovatie for JPMorgan,
“By joining forces with Coinbase, we improve the security and privacy of our customers’ data, so that they can use their money and rewards in new and exciting ways. With ultimate rewards, the most flexible loyalty program in industry, our customers can now seamlessly and safely convert into cryptocurrencies.”
The bank says that the transfer of the credit card reclons will only take place somewhere in 2026, while the possibility to use credit cards to make purchases on Coinbase will start in the fall of 2025.
The announcement is the heels of billionaire and Gemini co-founder Tyler Winklevoss who accuses JPMorgan of trying to sabotage the crypto and fintech industry by charging companies to gain access to their customers’ account information.
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