🚨 The US banking industry officially breaks into the crypto space!
JPMorgan will allow Chase users to purchase cryptocurrencies using credit card points, in partnership with Coinbase.
🔵 There are many highlights:
1️⃣ Chase points can be recharged to Coinbase (launching as early as this year)
2️⃣ From 2026, 1:1 point redemption for crypto will be supported, directly to wallets
3️⃣ The first mainstream bank in the US to allow points for cryptocurrency purchases
But don't get too excited just because of the "1:1"; this does not mean 1 point = 1 dollar equivalent crypto,
The specific redemption rules have not been disclosed, and variables such as token selection, exchange rates, and fees may apply.
This is the first major bank in the US to support points for crypto purchases, and the narrative is truly changing.
🧠 What does this mean?
🔹 Traditional banks are no longer just watching from the sidelines; they are now collaborating.
🔹 Tens of millions of Chase cards may become the next entry point for crypto users.
🔹 The traditional financial reward mechanism is becoming a tool for driving traffic on the blockchain.
In the past, it was about exploiting rewards to enter the space.
In the future, it will be about using credit cards to earn crypto.
The entry point has changed, and the flow of funds will also change.
💡 The most critical point:
This is not Coinbase leading Chase; rather, JPM is using Coinbase to achieve "digital user retention."
Chase wants to retain young people by linking on-chain assets to consumption, points, and wealth management loops.
The focus of this transformation is not on token prices but on redefining entry points and ecosystems.
Stop saying institutions haven’t come; they are already designing the path you are about to take.