Using Blockchain technology, which is being used by many companies to ensure smoother and more secure smart contracts between businesses and user (for example Populous), all transactions will be processed through its cryptocurrency network.
\r\nThis approach is thought to promote stability of the coin, and the company plans to peg 1 MUFG coin to 1 Japanese Yen to help maintain confidence in the new digital currency from the Japanese public.
\r\nIt was only a week ago that another Japanese company, the DMM Group, launched a 7-asset cryptocurrency exchange. This and the news from MUFG indicate that Blockchain technology is very popular and will continue to develop within Japanese industry.
\r\nThis approach to digital currency from Japan is in stark opposition to the stricter regulations being discussed in neighbouring South Korea and China. This calmer approach is certainly likely to help, not hinder, the growth of the market within Japan.
Embarking on the journey of cryptocurrency investment can seem daunting, but starting small with something like 0.01 BTC is a manageable and insightful first step into the expansive Bitcoin universe.
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