The Wall Street JPMorgan (JPM) bank giant is associated with Crypto Exchange Coinbase (COIN) to implement a series of integrations aimed at facilitating that the 80 million clients of the bank buy cryptography.
The association will allow JPMorgan customers directly connecting their bank accounts to Coinbase, redeeming Ultimate Rewards for USDC and using credit cards to finance cryptographic purchases.
The characteristics are being graduated, Coinbase said in a blog post. The support of the credit card is expected to be launched this fall, while the redemption of rewards and the linking of the bank account are scheduled for 2026.
The exchange said that this marks the first time that an important US credit card rewards can be used. UU. To buy cryptography. Chase customers will be able to convert points to a rate of 100 points to $ 1 in USDC in the Coinbase base base.
“This association marks an important step forward,” said Melissa Feldsher, director of Payments and Loan Innovation in JPMorgan Chase. Max Branzburg, head of consumer and commercial products of Coinbase, said the movement is designed to “aboard the next generation” in cryptography.
The association is remarkable just one week after Gemini Exchange co -founder, Tyler Winklevos, said JPMorgan stopped the process of incorporating the exchange after criticizing the new tariff structure of the bank for Fintech companies.
It is also remarkable given the aversion of the JPMorgan CEO Jamie Dimon to Crypto. The bank, with Dimon’s blessing, however, continues to build his business in cryptographic space.
