- FCF Pay announces strategic partnership with JPMorgan-owned Chase Bank.
- The news came days after a similar partnership with finance giant HSBC.
- With crypto payment options expanding for mortgages and loans, digital currencies could reportedly see mass adoption.
Chase Bank, a subsidiary of JPMorgan, has recently partnered with Canadian crypto payments processor FCF Pay to enable the bank to accept cryptocurrency as a payment method for a range of transactions.
FCF Pay posted on X (formerly Twitter) about the latest development, suggesting that the collaboration will allow cryptocurrencies such as BTC, ETH, XRP, SHIB, DOGE, BNB, and others to make payments for mortgages, loans, and such.
Effective October 4, FCF Pay Crypto Bill Payments will serve as an alternative payment method that allows holders of crypto to pay their bills for over 20,000 companies in the United States.
Furthermore, FCF Pay has reportedly made the big move by expanding its services to Idaho and Utah in the United States. As part of this expansion, they’re now allowing users to make payments using over 30 different cryptocurrencies through their billing service. This change is all about making it easier for people to handle their finances.
On the other hand, Chase Bank issued a notice stating its plans to ban crypto payments starting October 16. In an email sent to customers, Chase stated, “From October 16, 2023, if we think you’re making a payment related to crypto assets, we’ll decline it.” Moreover, the statement added that if the customers wish to invest in crypto assets, they should do so with a different bank.
FCF’s collaboration with Chase Bank comes days after the crypto payment company’s partnership with HSBC, one of the largest financial institutions in the world.
The announcement was made on September 26, marking a series of revolutionary developments that allow HSBC customers to pay mortgage bills and loans via cryptocurrencies. The announcement mentioned BTC, ETH, BNB, and XRP.
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