More on the JP Morgan Cryptocurrency (JPM)

We may be closing in on an answer to the question that has been making the rounds: "What is Blythe Masters going to do if JPM sells their commodities business."
This may be a clue.

From the Financial Times:
JPMorgan files patent for Bitcoin-style payment system

JPMorgan Chase has filed a US patent application for a computerised payment system that resembles some aspects of Bitcoin, the controversial virtual currency.

Like Bitcoin, JPMorgan’s proposed system would allow people to make anonymous, electronic payments over the internet, without having to reveal their name or account numbers or pay a fee, according to the patent application. 

The application underscores a behind-the-scenes battle being waged between the biggest banks, credit card operators and companies such as Google, Apple and PayPal – who are all keen to grab a slice of the fast-expanding business of providing mobile and internet payments as more people shift to buying online....MORE

Earlier: JP Morgan Has Patented A Bitcoin-like Cryptocurrency (JPM)