[2016-02-01] bitcoin.com: Japan’s Largest Bank is Building Its Own Digital Coin

[LiteCoinGuy]

Japan’s Largest Bank is Building Its Own Digital Coin

Japan’s largest bank – Bank of Tokyo-Mitsubishi UFJ (MUFJ) – has announced that it is working to create its own virtual currency similar to Bitcoin in an effort to reduce expenses and establish a robust backend accounting and settlement system.

https://news.bitcoin.com/japans-largest-bank-building-digital-coin/



“MUFG coin” - i go all in!

[richardsNY]

I think we will see more banks and governments create their own digital currency. I don't think it's made to directly snoop away market share of Bitcoin, but eventually that may be their target.

[BTCBinary]

Great. Now, besides private blockchains, there will be an armed race between many companies in the Banking industry to make their own centralized currency.