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Topic: [2016-02-01] bitcoin.com: Japan’s Largest Bank is Building Its Own Digital Coin (Read 338 times)

hero member
Activity: 504
Merit: 500
Great. Now, besides private blockchains, there will be an armed race between many companies in the Banking industry to make their own centralized currency.
legendary
Activity: 1232
Merit: 1091
I think we will see more banks and governments create their own digital currency. I don't think it's made to directly snoop away market share of Bitcoin, but eventually that may be their target.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Japan’s Largest Bank is Building Its Own Digital Coin

Japan’s largest bank – Bank of Tokyo-Mitsubishi UFJ (MUFJ) – has announced that it is working to create its own virtual currency similar to Bitcoin in an effort to reduce expenses and establish a robust backend accounting and settlement system.

https://news.bitcoin.com/japans-largest-bank-building-digital-coin/



“MUFG coin” - i go all in!
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