Japanese financial holding company tests its cryptomonad in the store


Japanese financial holding company tests its cryptomonad in the store

The largest Japanese Bank holding company Mitsubishi UFJ Financial Group has started testing its own crypto-currencies. It clarifies the portal Bitcoin.com citing local media, the coin is called Mufg coin.

In testing a digital asset be attended by members of the banking conglomerate. They should experience the Mufg coin when paying for goods in the store on the site of the headquarters of the holding company in Tokyo. The whole payment procedure will occur by scanning a QR code displayed on a mobile device holder cryptocurrency.

Scan the code will be a special cash machine within the store. In addition, the holders can exchange Mufg coin on the Japanese yen at a ratio of one to one. In the management of the holding believe that the stage of testing its own digital currency will allow you to identify all advantages and disadvantages in the work of the blockchain network.

In parallel, information was received that top management Mitsubishi UFJ will use the cryptocurrency to reward employees leading a healthy lifestyle.

We will remind, earlier it was reported that the holding plans to begin testing their own cryptocurrency no earlier than 2019. The information that Mitsubishi UFJ will provide the opportunity to its employees to use tokens in shops and restaurants, arrived in may.

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