Japanese bank to issue digital currency that cuts transaction costs

Japan’s biggest bank is releasing its own cryptocurrency in March — Investopedia — “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.”

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