Archive | MUFG

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… […]

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 […]

Japan’s Near-Zero Savings Rates and Pension Problems Drive Retail Investors to Bitcoin

The Japanese have long put up with near-zero interest rates on their personal savings accounts. At the same time, they are worried about a serious shortfall in the national pension program. These problems have pushed retail investors to consider investing in bitcoin. Also read: Japan’s Bitpoint to Add Bitcoin Payments to 100,000+ Stores Low Savings Rates […]

Chain Partners With Mitsubishi UFJ Financial Group On Blockchain Trial

  San Francisco-based blockchain solutions provider Chain, has announced a partnership with Mitsubishi UFJ Financial Group (MUFG), one of the largest Japanese financial institutions. The release states that Chain will work with MUFG on implementing a proof of concept blockchain-based legal documents platform, where corporate clients and businesses can issue and trade Promissory Notes. With […]