Mitsubishi Wants Its Own Blockchain Option bitcoin casino free btc

Mitsubishi Wants Its Own Blockchain Option

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

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

Regarding the speculation in media reports, these reports aren’t based on any announcement by MUFG, and the details have not been decided. But, we could say that it’s a fact that MUFG is running demonstration experiments on the’Coin’ inside the company.

Some reports have stated that Japanese users will be able to tether their bank accounts to a program to use and receive the”MUFG coin.” Based on 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 voucher code. The paper has stated that users will be able to remit the cryptocurrency with feesbitcoin casino review reddit best online casino sportsbook blackjack for bitcoin Alongside this information provided by the Japanese editorial, MUFG coins may also get ATMs enabling purchasing the currency that is digital .

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

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

The Japanese firm has its targets set on blockchain and digital currency solutions. It’ll be interesting to hear about how other and immutability attributes associated with cryptocurrencies are offered by the project. However, the business has no interest in the original cryptocurrency Bitcoin, Naoki Taniguchi, a worldwide innovation expert at The Bank of Tokyo-Mitsubishi UFJ Ltd told Reuters last year in San Francisco.

“It’s all about the blockchain,” he said.

What do you consider Mitsubishi producing its own cryptocurrency? Let us know in the comments below.

Pictures via Pixabay, and wiki commons

Source: bitcoincasinoreview.info

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