From Asia Times, July 15:
Mitsubishi UFJ Financial Group plans to launch the MUFG token in the second half of 2020
Mitsubishi UFJ Financial Group, or MUFG, the fifth-largest bank in the world, is reportedly planning to issue its own digital currency in the second half of 2020, Cointelegraph reports, citing local media.....MORE
Initiated back in 2015, the digital currency project was originally designed to run on a blockchain network and facilitate instant peer-to-peer transactions. Following multiple delays, the initiative is now scheduled to be rolled out no later than 2020.
Hironori Kamezawa, president and CEO of MUFG, revealed the new plans on Monday to the Mainichi Shimbun newspaper. As part of the upcoming launch, MUFG is reportedly planning to launch mobile retail payments powered by the digital currency in collaboration with its partner, the Recruit Group.
According to the report, Kamezawa said that nearly 1 million Recruit member stores have already signed up for this collaboration.....
