JPMorgan Chase and Coinbase are collaborating to make it easier for JPMorgan Chase Bank customers to purchase cryptocurrencies

According to cryptocurrency journalist Eleanor Terrett, according to a press release released by JPMorgan Chase, the bank is partnering with Coinbase to make it easier for Chase customers to purchase cryptocurrencies. Soon, JPMorgan clients will be able to recharge their Coinbase accounts using JPMorgan credit cards. By 2026, a direct bank account to wallet transfer service will be launched, as well as a 1:1 redemption feature for Chase Ultimate Rewards points. This will be the first time that a large bank's reward program can be used to purchase cryptocurrency.