The Currency Analytics
By Maheen Hernandez
More and more companies are willing to use the blockchain technology and cryptocurrency for remittances.
Mitsubishi UFJ stated that they would be launching their own cryptocurrency by the end of this year.
MUFJ is the most influential private bank excluding Chinese institutions. The total capitalization of this bank is more than JPMorgan Chase by 169 billion.
Kanetsugu Mike, President of MUFJ bank, stated: “We aim to build an organization that is relied on and trusted globally, and represents innovation.”
The Mitsubishi UFJ team are confident to move ahead towards the implementation stage. Of note, this is not the first time that a bank is getting interested in cryptocurrency.
The overall cryptocurrency market is considered to have bottomed out, and many consider that the crypto winter is over with the price re-bouncing.
While it is that “no one needs to use crypto, but they want to.”
Merchants are those who will be getting the most from using cryptocurrency. They will be saving a lot of stress over their settlement time worries and their 7% transaction…
Despite merchants using the new payment system, they will stay for long in the system only for as long as it makes sense to them.
Meanwhile, the largest P2P cryptocurrency market place has added Dash; this move is expected to increase Dash access and usage.