Japan’s largest bank confirms launch of digital currency “Coin” in 2019

posted 5 months ago
Japan’s largest bank, Mitsubishi Financial Group Inc. announced plans to launch its long-awaited in-house digital currency. The firm intends to rollout “Coin” by end of 2019.

President Mike Kanetsugu said MUFJ will lean on businesses including retail outlets and restaurants to adopt “Coin” with the intention of achieving wider adoption, resulting in “connected economic blocs.” Kanetsugu believes that the sheer weight of MUFJ’s financial infrastructure will be enough to persuade businesses to adopt Coin. Notably, Japan is the world’s 3rd largest economy, and Mitsubishi is its largest bank.
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