Mitsubishi Wants Its Own Blockchain Option bitcoin casino free btc

Mitsubishi Wants Its Own Blockchain Solution

According to the Asahi Shimbun newspaper 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 nothing has been officially stated by MUFG.

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

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

Some reports have said that Japanese users will have the ability to tether their bank accounts to an app to use and receive the »MUFG coin. » According to Asahi Shimbun, rates 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 promo code. The paper has said that users will be able to remit the cryptocurrency with very low pricescasino bitcoin que es bitcoin casino news india Alongside this information given by the editorial, MUFG coins may get ATMs enabling the purchase of the money with a smartphone.

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

We’re happy to be working with Chain to explore the use of next-generation financial infrastructure which we believe could significantly improve 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 how immutability and other attributes associated with cryptocurrencies are offered by the project. However, the business doesn’t have any interest in the first 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 think about Mitsubishi creating its own cryptocurrency? Let us know in the comments below.

Pictures via Pixabay, and wiki commons


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