- Chase Bank has recently partnered with Canadian crypto payment processor FCF Pay to enable the bank to accept cryptocurrencies as a payment method for a range of transactions.
- FCF Pay suggested that the collaboration would allow cryptocurrencies such as BTC, ETH, XRP, SHIB, DOGE, BNB, and others to be used for payments like mortgages and loans.
- FCF’s partnership with Chase Bank follows its partnership with HSBC, one of the world’s largest financial institutions.
Chase Bank, a subsidiary of JPMorgan, has initiated a partnership with the Canadian payment processor and has begun accepting crypto payments.
Chase Bank Accepts Crypto Payments
Chase Bank, a subsidiary of JPMorgan, has recently partnered with Canadian crypto payment processor FCF Pay to enable the bank to accept cryptocurrencies as a payment method for a range of transactions.
FCF Pay shared the latest development on Twitter (formerly known as X) and suggested that the collaboration would allow cryptocurrencies such as BTC, ETH, XRP, SHIB, DOGE, BNB, and others to be used for payments like mortgages and loans.
Starting from October 4th, FCF Pay Crypto Bill Payments will serve as an alternative payment method for cryptocurrency holders to pay their bills for over 20,000 companies in the United States.
Additionally, FCF Pay is reported to have expanded its services to Idaho and Utah in the United States. With this expansion, users are able to make payments using more than 30 different cryptocurrencies to help them manage their finances more easily.
On the other hand, Chase Bank issued a statement announcing plans to ban crypto payments starting from October 16th. In an email sent to customers, Chase stated, “If we believe you are attempting to make a payment related to crypto assets starting October 16, 2023, we will decline it.” The statement also added that customers wishing to invest in cryptocurrencies should do so through a different bank.
Chase Bank’s Partnership Follows HSBC
FCF’s partnership with Chase Bank followed its collaboration with HSBC, one of the world’s largest financial institutions. The announcement was made on September 26th and was part of a series of groundbreaking developments that allowed HSBC customers to make mortgage and loan payments using cryptocurrencies. The announcement mentioned cryptocurrencies such as BTC, ETH, BNB, and XRP.
