Japan’s largest bank winds down blockchain payments system over slow growth
The Mitsubishi UFJ Group announced the end of its Global Open Network, saying that it failed to live up to expectations with COVID-19 stunting its growth.
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Japanese bank MUFG to launch a blockchain-based payments system
Mitsubishi UFJ Financial Group has announced that it intends to launch a blockchain-based payments system by 2020.
Japanese banks scrap peer-to-peer payments, focusing on crypto instead
Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group had been working in partnership to develop a blockchain-powered system that would facilitate money transfers between users based on their mobile phone numbers.
Japanese bank MUFG to trial own cryptocurrency in 2019
The test phase for the MUFG Coin will begin sometime in 2019 and will see the cryptocurrency being issued to about 100,000 of the bank’s account holders.