October 1, 2022

Japan's largest bank postpones launch date of its own cryptocurrency

Japan's largest bank postpones launch date of its own cryptocurrency

Mitsubishi UFJ Financial Group - Japan's largest bank - continues to prepare for the launch of its own cryptocurrency, however less, according to a recent statement by bank representatives, the project’s launch date was postponed to a later date.

The company is going to use cryptocurrency inmobile payments industry. According to local media reports, mobile payment applications across the country will begin to use the new digital currency as

As part of the new service, users will be able to convert their funds in the MUFG bank account into a new coin.

According to the bank, the payment platform will be launched in the first half of next year.

As previously reported, the testing of the MUFG coin began in May last year as part of an experiment to study options for using blockchain technology in the financial sector.

According to the materials www.fxstreet.com