Mitsubishi Financial Group will have its own cryptocurrency
One of the giants of the Japanese banking sector hopes to crystallize the launching in 2019
The Mitsubishi UFJ Financial Group Inc, one of the Japanese giants of the banking sector, has announced that by 2019 it will have its own cryptocurrency. For this they will require a carefully selected group of clients who will act as “beta testers”. Based on their experience, the bank will be able to detect strengths and weaknesses as users use the digital currency for their purchases.
The currency will be called MUFG Coin and comes to crystallize the desire of Japanese businessmen to join the crypto-universe and all that it represents for the economy of the people. Undoubtedly, they bet on the digital revolution that has absorbed nations.
It is not a precipitated decision. To reach the current stage they worked for almost three years, analyzing aspects related to cryptocurrencies, the digital economy, risks and profits.
The Mitsubishi Token UFJ Financial Group Inc will be issued in 2019 to 100,000 selected customers. Bank executives expect that as it is used in daily transactions it will gain popularity and provide security to customers.
Participants in the test must download an application that converts the Japanese yen to MUFG Coin. A facility for those who send remittances and use the peer-to-peer platform.
M.Pino
Source: CryptoEconomy
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