Chase Bank announced, on October 4, the inclusion of cryptocurrency payments. With this, the banking institution’s customers will be able to pay their credit card bills, loans, as well as mortgage payments with the main cryptoactives on the market.
Through the Canadian blockchain payment processor, FCF Pay, customers will be able to pay their debts using the following cryptocurrencies: Bitcoin (BTC), Ether (ETH), Shiba Inu (SHIB), XRP (XRP), Dogecoin (DOGE), BNB (BNB ), in addition to the stablecoins Tether (USDT) and USD Coin (USDC).
Chase Bank Customers
Now you can pay your mortgage, credit cards and loans with your favourite cryptocurrency.
BTC, ETH, XRP, BNB, SHIBA INU, DOGE +MORE are all available as method of payments through @FCFPAY
Use the bills service now! https://t.co/pXKQL3dfxL
🔥 Powered by… pic.twitter.com/kdbozkw9KY
— FCF PAY – Blockchain Payment System (@fcfpay) October 3, 2023
Chase Bank is owned by JP Morgan Chase. JP Morgan Chase launched blockchain payments in euros in June this year.
It is worth remembering that banking giant Chase, which is a digital bank owned by JPMorgan, announced that it will ban payments involving cryptocurrencies for customers located in the United Kingdom from October 16th.
The announcement about blocking crypto payments was made public in an email sent to customers, according to Coindesk. “If we find that you are making a payment related to crypto assets, we will refuse it,” the bank said in the email.
The bank highlighted in its information to customers that they are free to use another bank or different provider for the purpose of investing in crypto.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.