Archive | Japan

Japan’s Largest Bank Partners with US Tech Giant for Blockchain Payment Service

The biggest bank in Japan has partnered with a US tech company to design a blockchain capable of handling 1 million transactions per second, boosting speed and reducing transaction feeds through distributed ledger technology. MUFG and Akamai partnership The Mitsubishi UFJ Financial Group (MUFG) partnered with US-based Akamai to deliver a new global payment network […]

Japan’s Largest Bank to Run Blockchain Payments Network by Early 2020

Blockchain technology is making inroads in the financial sector. Banks are experimenting with this technology for various purposes. Japan’s biggest bank is ready to take things to the next level. Mitsubishi UFJ Financial Group – or MUFG – is partnering with Akamai to handle up to 1 million transactions per second. MUFG has a Bold… […]

Global State Bank Crypto Adoption Still in Its Infancy

With banks increasingly switching on to the current global interest in cryptocurrencies, digital currencies are now being utilized by the same institutions they were designed to subvert, writes Cointelegraph. More and more banks around the world see blockchain as a panacea to banking issues, all long overdue for improvement and update. They are realizing that, […]

Blockchain Facilitates Tourism at Tokyo Olympics 2020

Two Tokyo companies are looking ahead to the 2020 Olympics with a view to using blockchain technology to share data in hospitality and tourism, according to Newsweek. The two companies, Mitsubishi Estate and tech giant Fujitsu, are working towards offering blockchain secure data sharing in hospitality outlets, including restaurants and hotels, ahead of the Tokyo […]

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

On May 18, 2018, the One Championship fighter, female mixed martial artist (MMA) Mei Yamaguchi sponsored by Bitcoin.com, faced the Atomweight World Champion Angela Lee in a re-match bout called ‘Unstoppable Dreams.’ Also read: US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms Japanese MMA Veteran Mei Yamaguchi Enters the Ring Sporting […]

Japan Banking Giant Mitsubishi Goes Crypto With Own Coin

Mitsubishi UFJ Financial Group, Inc, one of the top five banks in the world, announced its intention of testing a proprietary cryptocurrency by 2019. The idea is to roll out its coin initially to a relative handful of customers, hoping they’ll participate in finding inevitable bugs as they make typical retail purchases. For Japan, it’s […]

World’s Fifth Largest Bank Joins Crypto Space with Digital Yen

Japan’s Mitsibushi UFC Financial group (MUFG), the world’s fifth-largest bank by assets, has announced it will trial its own digital currency as early as 2019, reports Cointelegraph. The move, which dates back as far as 2016, sees the Japanese giant running out the coin, valued at one yen, to 100,000 account holders, according to Japanese broadcaster NHK.  The […]