JPMorgan to allow crypto purchases with credit cards

JPMorgan Chase has partnered with Coinbase to enable customers to fund crypto wallets using Chase credit cards starting fall 2025. This collaboration allows direct bank account linkages to Coinbase for seamless cryptocurrency purchases. Customers can redeem Chase Ultimate Rewards points for USDC, a stablecoin pegged to the U.S. dollar, at a 1:1 ratio starting 2026.

Despite CEO Jamie Dimon’s 2023 remark calling Bitcoin “a hyped up fraud,” JPMorgan’s move signals a strategic pivot to embrace the $4 trillion crypto market.

The partnership emphasizes secure API integration and regulatory compliance to protect customer data. This follows PNC’s recent Coinbase collaboration, reflecting traditional banks’ growing acceptance of digital assets amid rising consumer demand.