Wall Street Banking Giant JPMorgan Partners With Coinbase To Let Customers Easily Buy Crypto
Main Idea
JPMorgan partners with Coinbase to allow Chase credit card holders to redeem rewards points into USDC and make purchases on Coinbase, marking a significant step in integrating traditional banking with cryptocurrency services.
Key Points
1. JPMorgan and Coinbase have partnered to enable Chase credit card holders to redeem Ultimate Rewards points into USDC.
2. The service will allow customers to make purchases on Coinbase starting in the fall.
3. Rewards points will be redeemed at a rate of 100 points to $1 in USDC on Base, Coinbase’s Ethereum layer-2 network.
4. This partnership is notable given JPMorgan CEO Jamie Dimon's previous skepticism towards cryptocurrencies.
5. The collaboration represents a significant move in bridging traditional banking services with the crypto industry.
Description
JPMorgan is taking a step further into the crypto space by forging a strategic partnership with Coinbase to make it quicker and much easier for the bank’s over 80 million customers to buy crypto, a key step in bridging traditional finance with digital assets. JPMorgan Taps Coinbase For Major Crypto Offering The deal between crypto
Latest News
- Is XRP Ready for $15? Bull Flag Pattern Projects 500% Moonshot as Institutional Interest Explodes2025-07-31 19:12:41
- Can Coinbase’s Nano XRP and SOL Futures Revolutionize Crypto Trading?2025-07-31 17:52:26
- How Michael Saylor’s Strategy Built a $71 Billion Bitcoin Stash: Top Purchases Revealed2025-07-31 17:51:38
- Decade-Old Whales Increase Sales Amid Sideways Bitcoin Pattern2025-07-31 17:26:59
- Cardano Builds Momentum Toward $0.9 as More Than $6 Million Longs Get Closed2025-07-31 17:21:51