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/biz/ - Business & Finance

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6621294 No.6621294 [Reply] [Original]

https://coindelite.com/news/japans-largest-bank-will-be-launching-its-own-cryptocurrency-exchange/

Bullrun incoming. Additionally:
>The bank is constantly working on introducing its own cryptocurrency. The plan seems now is that through controlling the exchange where people can trade this MUFG Coin, the bank will contain revolutionary changes in its price so it can be used for shopping, settlements, and payments as well. The agency has planned to keep the new cryptocurrency to be secured at JP¥1, but it is not fixed in advance for avoiding the regulations regarding issuing and carrying such private money in Japan.
>Anyhow, while MUFG only visualizes its coin used to make stable transactions in Japan, once the cryptocurrency will be launched, the wild global traders can utilize it for other uses as well. One interesting application is for it to be used in trading pairs on non-fiat exchanges instead of USTD, backed by the largest bank in Japan instead of Tether.
Possible Japanese Tether, but with actual backing.

>> No.6621491

Ripple btfo. Chainlink is blockchain agnostic and will be used worldwide

>> No.6622071

>>6621294
Bumping, because I believe these are relevant news. I have actually been predicting that something like this would start to happen, as banks will eventually need to adapt to survive as cryptocurrencies grow and eventually become a new norm.

>> No.6622125

>>6621294
MUFG BIX NOOD

>> No.6622153

>>6621294
Mt gox all over

>> No.6622257

These guys Looove XRP, going to buy shitloads of it. Japan eill be running on ripple by 2020

>> No.6622269
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6622269

>>6622125
lmfao

>> No.6622297

https://techcrunch.com/2017/09/27/omise-krungsri/

"...but the investment is significant because the bank is part of the wider Mitsubishi UFJ Financial Group (MUFG), which is valued around $19 billion and present in 50 countries worldwide.

MUFG, itself Japan’s largest bank, is an interesting tie-in with OMG. It has run a series of crypto trials including use of the blockchain and creation of its own digital token. It is also part of the The Enterprise Ethereum Alliance, a group founded by Fortune 500 companies to explore the potential of Ethereum.

This investment in Omise is likely to see the two sides working together in some capacity."