The cloud delivery platform Akamai and the financial group MUFG are developing a new blockchain-based online payment network. The technology is expected to come in the first half of 2020.
One of the largest banks in the world has announced its MUFG Coin trial which is expected to involve about 100,000 account holders.
Six of the world’s biggest banks teamed up to create a new digital currency ‘utility settlement coin’ for clearing and settling financial transactions.
MUFG Coin developed by Bank of Tokyo-Mitsubishi UFJ aims at facilitation of converting between local and foreign currencies.