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Coinbase Teams Up With JPMorgan to Enable Instant Crypto Purchases From Chase Accounts
In a groundbreaking collaboration, Coinbase has partnered with JPMorgan Chase to revolutionize the way people purchase cryptocurrencies. Starting this fall, over 80 million Chase customers will have seamless access to digital assets, marking a significant milestone in mainstream adoption.
According to the announcement, the partnership will introduce three innovative features. Firstly, it will enable direct integration between Chase accounts and Coinbase, allowing users to easily link their bank accounts for instant crypto purchases. This integration is expected to be completed by 2026.
Another key aspect of this collaboration is the ability to fund Coinbase accounts using Chase credit cards. This feature will give customers a new method to purchase cryptocurrencies, further expanding the accessibility of digital assets.
The most exciting development, however, is the introduction of converting Ultimate Rewards points into USDC on Coinbase. By 2026, JPMorgan Chase cardholders will be able to redeem their accumulated rewards for crypto assets, representing a significant first in the industry.
“We believe that crypto is for everyone,” said a representative from Coinbase. “We’re excited to work with JPMorgan to expand access, lower barriers to entry, and onboard the next wave of users into crypto.”
The partnership between two major financial giants comes after JPMorgan tapped Base, a network incubated by Coinbase, for a pilot project involving its ‘deposit token’ called JPMD. This move aimed at providing institutional clients with a stablecoin alternative.
In this article, you will find more information on the latest developments in the world of cryptocurrencies and blockchain technology.
Source: cryptobriefing.com
