JPMORGAN & Coinbase Ave announced a partnership, which would allow the link to connect its walls with a ban and convert the awards to crypto.
JP Morgan has participated with the Crypto Exchange Coinbase
As declared through a press release, JP Morgan and Coinbase made a strategic share partnership to roll out a set of features aimed at creating Crypto Access Mainstream.
JPMorgan Chaase is the largest bank in the US and is the largest bank globally, which is more than $ 4 trillion in property. The coinbase, meanwhile, is the leading American Crypto Exchange, serving major institutional institutions and acting as a custodian for most bitcoins and atherium spot exchange-freed funds (ETFs).
The two giants are joining to launch three new proposals for the 80 million+ customer banks: the ability to use credit cards to shop on the coinbase, the redemption of chase ultimat rewards points for Stabelcoin USDC, and a directing link between bank accounts and coinbase wallets. Credit card purchase service is expected to be live in this year, which is planned for the other two for 2026.
“This will be the first time a major cardit card award program will be used to create a crypto wallet,” read in the press release. Under the scheme, 100 chase ultimat rewards points will be equivalent to $ 1 in USDC Redemest.
Partnership is not the first time in digital assets for JP Morgan. An earlier report in the month is considering the ban offering a loan supported on bitcoin and atherium collateral. In addition, CEO Jamie Dimon has said that JP Morgan will be Stabecrim.
“This partnership is an important step in empowering our customs to take our finance forts,” said Melissa Feldsher, head of payment and lending innovation in JP Morgan Chase.
The bank’s participation in Crypto can be particularly for its massive fields. JPMorgan Chaase is a global systematically important bank (G-SIB), which means the world economic stability rests on it.
Max Branzberg, consumer and head of commercial products in the coinbase, said:
We are excited to participate with JPMorgan Chase to make the next generation consumers online in Crypto. Together, we are expanding the choice and lowering obstacles for consumers to participate in onchain of financial services.
The total bitcoin unrealistic benefit organized by investors has set a new record
The cast for data from on-chain analytics firm Glasnode, bitcoin investors’ total untrue benefits $ 1.4 trillion marks, rejects a new all-trick.
The trend in the unrealized profit and loss held by BTC investors over the years | Source: Glassnode on X
“This massive paper gain concentration determines the phase for the potential future if the prices continue,” Glasanode explained. So far, think that it is recorded, bitcoin has been dominated for a converted movement, its price still trading around $ 117,700.
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Dall-e, Glassnode.com specially displayed image, chart from TradingView.com
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