MUFG drops blockchain payment project to focus on stablecoins By Cointelegraph
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Japan’s biggest financial conglomerate, Mitsubishi UFJ Financial Group (NYSE:), will abandon its three-year-old blockchain payment project to focus on other digital and fintech initiatives.
MUFG officially announced Tuesday the suspension of Global Open Network (GO-Net) Japan, a blockchain-based project aiming at high scalability and multi-connectivity data processing “in response to the rise of the internet of things.”
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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Japan’s biggest financial conglomerate, Mitsubishi UFJ Financial Group (NYSE:), will abandon its three-year-old blockchain payment project to focus on other digital and fintech initiatives.
MUFG officially announced Tuesday the suspension of Global Open Network (GO-Net) Japan, a blockchain-based project aiming at high scalability and multi-connectivity data processing “in response to the rise of the internet of things.”
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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