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Mitsubishi UFJ experimenting own Cryptos

One of the World’s largest financial groups, Mitsubishi UFJ has been experimenting their own cryptocurrency. Mufg coin is the name for the crypto.

The Mufg coin by Mitsubishi Group is being tested on a convenience store for employees only. The store is located at the group headquarters in Tokyo. Employees can pay using the coin by presenting the employee QR code at the checkout counter.

The company elaborated on this coin:

Potentially this coin could have large-scale commercial potential, as well serving small-scale retail bank customers. Other than Mufg coin, Mufg is testing another untitled digital currency rewards [program] for employees who reduce their overtime hours and practice a healthy lifestyle.

The coins can be used to exchange money between colleagues such as splitting bills.


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