JP Morgan joins crypto

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After some strongly worded negative statements on crypto's, JPM is to be introduced.

Designed to do inter bank transfer of funds, a bit like SWIFT does.
Except Swift just moved to use the XRP blockchain via S3.
So does this mean the JPM is an attempt by the banking cartel to try & keep hold of those transfers?

What is the difference between depositing fiat to buy JPM and then transfering the 'value' then reconverting to fiat.

No difference between JPM or XRP or BTC in that concept, other than the ownership of the stystem that is.

https://www.cryptoglobe.com/latest/2019/02/u-s-banking-giant-jpmorgan-chase-launches-its-own-cryptocurrency/