Tag: Tokyo-Mitsubishi UFJ Bank

Tokyo-Mitsubishi UFJ Bank Creates Own Digital Currency

The Tokyo-Mitsubishi UFJ Bank (MUFG) is developing its own digital currency. According to an Asahi Shimbun article, bank officials named the cryptocurrency “MUFG coin”. The project started last fall and the MUFG cryptocurrency will not rely on a blockchain powered by miners, but on a P2P system that uses smartphones to verify the existence of digital tokens. The MUFG coin project was developed to show that blockchain-based systems could result …
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