Consortium of private firms in Japan to launch yen-based digital currency
The consortium has brought together some of Japan’s largest firms, from banks to tech firms, and plans to launch the digital currency in the fiscal year 2022.
The consortium has brought together some of Japan’s largest firms, from banks to tech firms, and plans to launch the digital currency in the fiscal year 2022.
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.