Japan’s largest bank is hopping onto the cryptocurrency bandwagon.
According to reports, Mitsubishi UFJ Financial Group Inc.
) is planning to release its own coin by March 2018. The MUFG coin will have parity with the Japanese yen and will be rolled out to employees of the financial services group first. It will enable standard transactions, such as shopping or transfer of money between individuals (for example, splitting of a bill after a meal or drinks), at much lower costs as compared to credit cards.