“JPMorgan opened the mobile app-based Chase in 2021 and has since attracted more than 1.6 million customers. The UK venture is regarded as the testbed ahead of a future international launch.”
If those figures are correct, I’d be worried about Chase’s uptake & future despite the piling in of money to gain customers. Are those numbers full-Chase or just open accounts?
They hit the market with a subpar account and app.
While cash back is welcome it’s not groundbreaking.
If they launched an app with much more to offer, alongside cash back it would’ve been a win.
It’s been a rushed idea, cost far too much, and 2 years later still isn’t really anything to shout about other than their name.
If you’re coming from basic (Santander, Nationwide, TSB) then yeah it’s a good switch.
But to compete with monzo, starling, revolut, it’s a long way behind.
But I digress.
For someone switched on in banking, the investments side, including crypto, just confuses me so I stay clear for now.
It’s uptake yes, but it’s future… if it really is a test bed for a wider JP Morgan move to the U.K. and Europe, the money they’ve spent is pennies to them and they’ve no reason not to keep funding it. Imagine if they set a major new headquarters up here or something, they’d probably budget a few billion just for that.
Unless they decide that based on the testbed, there’s no return on investment, so they pull the plug on the idea.
Revolut #1 
Can you send crypto bought with them to another exchange? 
Is this intended sarcasm?
Yes - simple for some like BTC, through DriveWealth transfer form for others.
Dunno if this is the right place, but I think it is
The whole thing is wild.
Not forgetting:
NGMI
On a side point, I dont know how I would get on with the first go pronouncing your name 
Remi,
Never saw that coming [/sarcasm] 
The government actions lately on crypto are good and bad and will ultimately lead to it working or failing here I think.
More regulation and safety parameters are the only way it would ever (which I doubt will happen but…) become mainstream/adopted widely. In order to eliminate scam risks for new users strict regulation has to come in in my view.
Because there’s been a ton of bank complains and bad press about scams over the past few years and/or people just having no clue what they are doing and thinking they can get rich quick. Something has to be done at least to try and mitigate that.
Revolut suspending trading when they can’t get a bank license isn’t surprising either and a fair few other apps/exchanges have stopped UK trading for now because they can’t meet regulations.
An exchange is the best way for anyway to get involved really as a newcomer and Coinbase is probably the mainstay with that and the one that seems the most legit and with the funds.
The problem is there’s so much crap coins out there that I can’t see the trust ever being there widely that even Btc would be widely adopted. A digital pound is the most likely scenario
Can’t fault the logic.
