This is just self-issued credit which can be transacted on the blockchain. That a mega-bank would want to issue credit in a novel way should not be surprising

This is just self-issued credit which can be transacted on the blockchain. That a mega-bank would want to issue credit in a novel way should not be surprising to anyone. This plan is essentially "digital IOUs with blockchain record-keeping". I'm not sure how they will entice consumers, but seems like a good play for JPM if they can get people using it.