Mitsubishi Wants Its Own Blockchain Option bitcoin casino free btc

Mitsubishi Wants Its Own Blockchain Solution

According to the Asahi Shimbun paper a week, Mitsubishi plans on unveiling the currency next year. There have been many reports about the financial institution testing its own blockchain solutions but according to Reuters, the project is well on its way. The bank’s spokesperson told the news outlet that there have been quite a lot floating around the press, but MUFG has not said anything.

However the company had this to say in an emailed statement to Reuters:

Concerning the speculation in media reports, these reports are not based on any statement by MUFG, and the details have yet to be decided. But, we can only say that it’s a fact that MUFG is currently running demonstration experiments on the’Coin’ inside the company.

Some reports have said that Japanese users will have the ability to tether their bank account to an app to use and receive the”MUFG coin.” According to Asahi Shimbun, prices are believed to be one MUFG coin to 1 yen and the system will be like the popular Japanese e-commerce currency Suica and bitcoin casino us voucher code. The paper has said that users will be able to remit the cryptocurrency with priceswhite label casino bitcoin bitcoin purchase casino instant use Alongside this information given by the editorial, MUFG coins may also get ATMs allowing purchasing the currency that is digital with a smartphone.

Mitsubishi UFJ Financial Group is one of the banks that is a member of the R3 CEV consortium. The company has also been working with the firm Chain in a newly announced partnership shown on the company’s blog. Both businesses were working on a project that”immediately and safely issue, transfer, sell and redeem Promissory Notes in a natively digital medium.” Mitsubishi UFJ Financial Group CIO, Satoshi Murabayashi, said:  

We are pleased to be working with Chain to explore the use of next-generation financial infrastructure that we believe could significantly enhance the experience for our customers.

The Japanese company has its targets set on electronic and blockchain currency solutions. It’ll be interesting to hear about the project features other and immutability features associated with most cryptocurrencies. However, the company doesn’t have any interest in the original cryptocurrency Bitcoin, Naoki Taniguchi, a global innovation expert at The Bank of Tokyo-Mitsubishi UFJ Ltd told Reuters last year in San Francisco.

“It is all about the blockchain,” he said.

What do you consider Mitsubishi creating its own cryptocurrency? Tell us in the comments below.

Images via Pixabay, and wiki commons


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