Please read the update on this article. It was made on Oct. 5th, following its publication.
TL;DR
Chase Bank – the US consumer and commercial banking subsidiary of JPMorgan Chase & Company – partnered with the blockchain settlement system FCF Pay to allow clients to pay mortgages, credit cards, and loans in multiple cryptocurrencies.
Some of the supported coins include Ripple’s native token – XRP, the popular memecoins – Shiba Inu (SHIB) and Dogecoin (DOGE), the two largest by market capitalization – Bitcoin (BTC) and Ether (ETH), and many more.
Headquartered in New York City, Chase Bank has over 5,000 branches and $2.6 trillion in assets and operations worldwide.
UPDATE:
CryptoPotato has been made aware that the social accounts of FCF PAY are currently suspended under unknown reasons. A spokesperson for Chase told CryptoPotato:
Chase does not accept payments for mortgages, loans, and credit cards in cryptocurrencies. We have no affiliation with FCF Pay. We have not partnered with FCF Pay, as reported in the piece.
The British banking behemoth HSBC has also recently enabled eligible customers to settle their mortgage bills and loans in various digital currencies, such as XRP and SHIB.
According to the AI-powered language model ChatGPT, mass adoption and support from financial institutions could have a positive effect on Ripple’s coin and help it outperform BTC in the next bull run. Those curious to learn how high XRP can spike should there be another rally in the future can click on our video below:
