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 […]
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… […]
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 […]
MUFG and NTT Data are collaborating on a blockchain proof-of-concept aimed to foster trade between Singapore and Japan.
Three major Asian banks and a regulator in Singapore have teamed up for a new blockchain trial focused on customer identification.
The CEO of Japanese finance group MUFG said today that big bank-issued digital currencies aren’t quite the same as 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 […]
A group of international banks is reportedly planning the 2018 launch of cross-border payment services backed by blockchain. Source
Mitsubishi UFJ Financial Group Inc. (MUFG), the parent company of the Bank of Tokyo-Mitsubishi UFJ, has begun work on a new blockchain trial. Source
Is a major Japanese bank developing its own digital currency? MUFG is distancing itself from reports it could release such a product next year.
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 […]
Blockchain startup Chain has inked a new deal with Bank of Tokyo-Mitsubishi UFJ (MUFG).