TagMUFG Coin

Japan’s Biggest Bank to Carry Large-Scale Trial of Cryptocurrency ‘MUFG Coin’

MUFG Coin

The banking arm of the Mitsubishi UFJ Financial Group’s (MUFG), the Bank of Tokyo-Mitsubishi UFJ, is reportedly planning to trial its in-house cryptocurrency in 2019 following years of development. As Japan’s largest bank, MUFG could become the world's first major financial institution to deploy its own cryptocurrency after a local report by Japanese publication NHK confirmed plans toward a...

Japan’s Biggest Bank Plans to “Overcome” Bitcoin Volatility with 'MUFG Coin'

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The president of Japan’s largest bank and financial group (MUFG) has claimed that the bank’s own digital currency, MUFG Coin, will do one better than bitcoin. The Bank of Tokyo-Mitsubishi (MUFG), Japan’s largest bank, revealed plans toward developing its own digital currency in early 2016. Dubbed  “MUFG Coin”, the digital currency – based on a blockchain – is set at a fixed conversion rate of one...

Bitcoin Boom: Japan’s Largest Bank to Turn Credit Card Unit into Digital Currency Platform

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The Mitsubishi UFJ Financial Group (MUFG) is reportedly planning to turn a majority-owned credit card unit into a wholly-owned hub for managing digital currencies. According to a Nikkei report, Japanese megabank MUFG is set to position a major credit card unit into a hub for digital currencies and payments in preparation for a societal shift to cashless payments through digital currencies and...

Japan’s Largest Bank Issues Digital Currency to Employees Ahead of Commercial Rollout

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The Mitsubishi UFJ Financial Group’s (MUFG) Bank of Tokyo-Mitsubishi UFJ, Japan’s largest bank, has reportedly begun issuing MUFG coin, its own digital currency to its employees this month. Japan’s biggest banking corporation is on its way to becoming the world’s first major financial institution to develop and deploy its own digital currency. Dubbed ‘MUFG coin’, the banking giant began...

Japan’s Biggest Bank Confirms Digital Currency Tests

MUFJ Coin digital currency

 Japanese banking giant Tokyo-Mitsubishi UFJ has confirmed experiments on the rumored “MUFJ Coin”, a digital currency that could soon become the world’s first ever digital currency issued by a major bank. A spokesman for Bank of Tokyo-Mitsubishi UFJ has, in a statement to Reuters, confirmed that the bank is experimenting on a “coin” issued by the bank that is underpinned by blockchain technology...

Report: Japan's Largest Bank to Launch Digital Currency in 2017

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According to a report, the Bank of Tokyo-Mitsubishi UFJ Ltd., Japan’s largest bank will soon become the world’s first global bank to issue its own digital currency. A new bank-issued virtual currency may be in the offing next year. Dubbed “MUFG coin”, short for the Mitsubishi UFJ Financial Group -- the parent company of the Bank of Tokyo-Mitsubishi – the bank, will issue the virtual currency in...

Japanese Banking Giant Reveals Plans for a Digital Currency

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Bank of Tokyo-Mitsubishi UFJ (MUFG), the largest bank in Japan, has revealed that it is developing its own digital currency called MUFG coin. MUFG began the trial for its own virtual currency MUFG coin last fall and the smartphone application prototype that goes in tandem with the currency is also nearly done, as reported by the Asahi Shimbun, a national Japanese daily newspaper. The project is...

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