Japan Mega banks Kill Joint Blockchain Money Transfer Project, Turn to Their Own Cryptocurrencies

Japan biggest bank cancelled the association with Blockchain Money Transfer project and soon plan to launch own cryptocurrencies. The only reason behind it to make a reliable cryptocurrency and monitor the market uncertainty.  The three major bank of Japan including Mitsubishi UFJ Financial, Mizuho Financial Group and Sumitomo Mitsui Financial Group club-up to launch the new cryptocurrency. This joint initiative help customers to receive and send funds by using email address or particular mobile numbers thru virtual accounts which associated or connected to their physical bank.

The Japanese tech gain was responsible for the development of the blockchain solutions. The project is basically designed with the help of cloud technology so that you can make easy transfer to your client accounts. The main motive of this project is to connect two bank accounts with third one and cloud server as well. Some of the ingenuities the economic institutions are responsible and which would have competed with the combined venture contain the development of cryptocurrencies. Other than working on own cryptocurrencies the Japanese monetary institutions have also joined other world-wide blockchain initiatives.

If you like the information related to your objective, then please like the news. Else Coin offer you the latest update and current updates about the crypto world to the readers and help people to know more about the cryptocurrencies. Feel free to give your feedback as well.

Share this post
Leave a Comment

Disclaimer: Article, news, blog posts, are not meant to give any financial advice. All information collected from different sources and websites. we are not taking any guarantee for fake news or any misinformation. We advise Please carry out your own research before investing or in any of the numerous cryptocurrencies available. If you find any misinformation or fake news on this portal. please report us so we cross check and will rectify that post Thank you.