The virtual coin forms part of the bank's plans to use cryptocurrency technology blockchain to underpin all its major transactions in the future.
source https://www.google.com/url?rct=j&sa=t&url=https://www.thesun.co.uk/news/8426267/jp-morgan-first-cryptocurrency-created-bank-money/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNEp9fjDymKEU0ILhbSWOSshx7osHA
