Mitsubishi UFJ Bank Plans to Release Virtual Currency in Fall 2017Mitsubishi UFJ has plans to become the first major bank to issue a virtual currency. Their virtual currency dubbed ‘MUFG coin’ is presently being used for internal bank transactions, and the bank is considering release for its customers to use allowing low-cost money transfers worldwide. The ‘MUFG coin’ is expected to become available in fall of 2017...
read more We already have a coin that can be used for low cost money transfers - Bitcoin.
I doubt if any private company backed alt can be a rival to Bitcoin, given the negativity associated with Wall Street and their counterparts across the world.