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Mitsubishi Wants Its Own Blockchain Option bitcoin casino free btc

Mitsubishi Wants Its Own Blockchain Option

According to the Asahi Shimbun paper last week, Mitsubishi plans on unveiling the currency next year. There have been many reports regarding the financial institution testing its own blockchain solutions but based on Reuters, the project is well on its way. MUFG has not said anything, although the spokesperson of the bank told the news outlet that there were quite a lot of rumors floating around the media.

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

Concerning the speculation in media reports, these reports aren’t based on any announcement by MUFG, and the details have not been decided. We can only say that it is a fact that MUFG is running demonstration experiments on the’Coin’ inside the company using a blockchain technology.

Some reports have said that Japanese users will be able to tether their bank account to an app to use and receive the”MUFG coin.” Based on Asahi Shimbun, prices are said to be one MUFG coin to 1 yen and the machine will be like the popular Japanese e-commerce currency Suica and bitcoin casino us promo code. The newspaper has said that users will be able to remit the cryptocurrency with prices attachedare bitcoin casino apps legal free no deposit bitcoin casino bonus Alongside this general information provided by the Japanese editorial, MUFG coins may get ATMs allowing purchasing the money that is electronic with a smartphone.

Mitsubishi UFJ Financial Group is one of the banks that is also a known member of the R3 CEV consortium. The company has been working with the blockchain-based company Chain in a partnership revealed on the blog of the company. The two businesses were working on a project that”instantly and securely issue, transfer, sell and redeem Promissory Notes at a natively digital medium.” Mitsubishi UFJ Financial Group CIO, Satoshi Murabayashi, stated:  

We’re happy to be working with Chain to explore the application of next-generation financial infrastructure that we believe could significantly enhance the experience for our clients.

The Japanese firm has its own aims set on blockchain and digital currency solutions. It will be interesting to hear about how other and immutability features associated with cryptocurrencies are offered by the project. However, the company has no 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 producing its own cryptocurrency? Tell us in the comments below.

Images via Pixabay, and wiki commons


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