JPMorgan Chase (who said bitcoin is a fraud) is entering the market of contactless, app-based in-store payments by launching a Chase-branded Business Complete Banking account with a QuickAccept swiper reader that promises faster and simpler payments for small businesses. The reader supports tap-to-pay, chip and swipe payments along with a mobile app to replace older machines. Similar to payment giant Square, payments are flat and at 2.6% plus $0.10 for every card or tap-based transaction and 3.5% plus $0.10 for online sales through the app. There is a monthly fee of course (because, Chase) but they waive it once your business reaches a "minimum balance requirement". Deposits take place the same day, except no settlements on weekends (because, banks). Earlier this year, JPMorgan Chase agreed to settle a class-action lawsuit resulting from the bank’s decision in 2018 to charge higher fees on Chase credit cards that classified the crypto purchases as “cash advances.” Chase small business credit and debit sales in North America fell almost 50% in April as the country went on lockdown. JPMorgan CEO Jamie Dimon said in 2017 he would fire anyone caught trading bitcoin for "being stupid." However, this week a team of analysts at JPMorgan's Global Markets Strategy group touted Bitcoin’s uncorrelated properties, its emergence as a high-tech alternative to gold among millennials, and wouldn't be surprised to see it “doubling or tripling” in price as early as next year.