The unpublished alliance will allow connecting bank accounts with digital wallets, redeeming reward points for cryptocurrencies and anchoring coinbase accounts.
In a movement that could redefine the relationship between traditional banking and crypto ecosystem, JP Morgan and Coinbase They announced one Strategic Alliance. The collaboration includes innovative functionalities that seek to expand the access and financial flexibility of its users.
Three key novelties
The first phase of this association foresees the launch of three main functions:
-
Direct connection between bank account and crypto wallet: Through JPMorgan’s safe API, Chase customers can directly link their bank accounts to coinbase wallets. This link will allow transactions with greater Security, privacy and trustmaintaining the standards to which the clients of the financial entity are accustomed.
-
CHASE POINTS POINTS RETAIN: In an unprecedented innovation, Chase customers will be able to transfer their rewards (Ultimate Rewards) to their accounts in coinbase to a conversion rate from 1 to 1 (100 points equivalent to 1 dollar in redemption value). It is the first time that a large credit card rewards program allows you to directly finance a crypto wallet.
-
Use Chase credit cards in Coinbase: From the fall of 2025, customers can Use your Chase credit cards to anchor accounts in Coinbasewhich further facilitates access to cryptocurrencies from traditional banking.
As reported by both companies, the functionalities linked to the direct bank-billetera connection and the rewards exchange will be available from 2026while the use of credit cards will be enabled from autumn of 2025.
Bitcoin cryptocurrencies
Depositphotos
“This alliance represents a significant step to empower our clients and give them greater control over their financial future,” he said Melissa FeldsherDirector of Innovation in Payments and Loans of JPMorganchase. “By associating with Coinbase, we reinforce the safety of our users’ data and give them new ways to use their money and rewards. With Ultimate Rewards, the most flexible loyalty program in the industry, now they can turn their points into cryptocurrencies in a fluid and safe way.”
For its part, Max BranzburgResponsible for Consumer and Business Products of Coinbase, concluded the agreement: “We are excited to partner with JPMorganchase to incorporate the world’s new generation of consumers into the crypto world. This alliance expands the options and reduces the entry barriers to participate in the future of Ochain financial services.”
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
