JPMorgan Chase reported that the topping up of cryptocurrency wallets registered on Coinbase (NASDAQ:COIN) will be available to bank clients starting in the fall of 2025. The next stage of integrating the payment services of Coinbase and JPMorgan Chase is direct connectivity of client bank accounts to the crypto platform, which should simplify operations with digital assets.
The cooperation between companies also includes the future conversion of bonus points from the Chase Ultimate Rewards loyalty program into USDC stablecoins.
Previously, JPMorgan's administration notified clients about plans to expand the list of collateral eligible for loans. Crypto assets and their derivatives, such as shares of Bitcoin ETFs, will be eligible as collateral.
Unlike American banks, major credit institutions in the UK, such as Barclays (LON:BARC), Lloyds Bank, Bank of Scotland, Halifax, Starling, HSBC, Santander UK, and Nationwide Building Society, are imposing a ban on the purchase of digital assets from credit card accounts due to the high level of indebtedness among the country's residents.