[hobs]

It's not a distributed payment system, its a centralized one (owned and controlled in every way by JP.)

There's no reason to add the problems of distributed data to your payment systems unless you HAVE to.

[philwelch]

There's distributed and there's distributed. Blockchain might be overkill, but it solves the "JPM's transactional database of financial transactions is down" problem.

[reallydude]

> owned and controlled in every way by JP

The benefits of private transactions without notifying the processor (and circumventing financial regulation, or at least delaying it), is immediately obvious. It's a distributed payment system. The control you mention, is subjective.