Mitsubishi Confirms Testing Its Own Cryptocurrency
Back in February, the Bank of Tokyo-Mitsubishi UFJ (MUFG) announced its own cryptocurrency with similar attributes to Bitcoin. Now the firm has confirmed that experiments are currently taking place. Mitsubishi Wants Its Own Blockchain Solution. According to the Asahi Shimbun newspaper last week, Mitsubishi plans on unveiling the currency next year. There....
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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, like bitcoin. The spokesman was addressing a recent report from prominent Japanese national daily newspaper, The Asahi Shimbun. The publication cited sources who revealed that the bank will....
Coinbase, the leading cryptocurrency company has today announced its partnership with a leading Japanese financial institution, Mitsubishi UFJ Financial Group Inc. (NYSE : MTU). The partnership involves Mitsubishi Financial and others making a considerable investment of $10.5 million in the digital currency company. The recent influx of investment will play a very important role in Coinbase’s future as it will help the company in its expansion spree. At the same time, the investment in Coinbase makes it the first investment for Mitsubishi UFJ Financial Group in the digital currency sector.....
The Bank of Tokyo-Mitsubishi UFJ and Hitachi are working on a blockchain-based prototype that processes and verifies the integrity of check payments. Hitachi & Mitsubishi Test Blockchain-Based Checking. Blockchain technology has become quite popular in Japan to financial institutions that reside in the region. According to Nikkei, this particular....
Bitcoin exchange provider Coinbase has raised $10.5m in new funding from investors including Bank of Tokyo Mitsubishi UFJ, Mitsubishi UFJ Capital and Silicon Valley VC firm Sozo Ventures. The investment coincides with the announcement that MUFG subsidiary Bank of Tokyo Mitsubishi UFJ has entered into a strategic partnership with Coinbase, and follows rumors the San Francisco startup had been working on a proof-of-concept with an unknown Asian bank. In statements, Coinbase said that the partnership will help it bridge the gap between blockchains and the traditional financial industry.....
Bitcoin exchange and platform Coinbase has announced new investment and partnership with the Bank of Tokyo-Mitsubishi UFJ (BMTU), Japan’s biggest bank. The endeavor will see Coinbase look toward expansion efforts in Japan and Asia. Bitcoin exchange and services platform Coinbase will raise $10.5 million from Japanese investors today with the aim to launch services in Japan. Currently, Coinbase only has an Asian presence in Singapore. Investors include the Mitsubishi UFJ Financial Group (MUFG) and the Bank of Tokyo-Mitsubishi UFJ (BMTU) Japan’s largest lender and bank, respectively. The....