[2016-06-11]Mitsubishi UFJ Bank Plans to Release Virtual Currency in Fall 2017

[Blawpaw]

Mitsubishi UFJ Bank Plans to Release Virtual Currency in Fall 2017

Mitsubishi 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...

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[1715149966]

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[1715149966]

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[aso118]

Mitsubishi UFJ Bank Plans to Release Virtual Currency in Fall 2017

Mitsubishi 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...

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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.

[DarkThrones]

Weird...I'm not sure if that's a good idea for a bank. Essentially they are just using it to transfer money so there will not be an exchange other than the bank. I don't think it will take off at all...

[2015Bubble]

Who cares, already every bank annouced theire own centralized ponzi shitcoin.

I'm gonna make smurfcoin, anyone wanna buy? great pump much wow ?

[Dank14]

I think we've had enough altcoins to last us till the next century. They should check back by that time, people might be more willing to invest.