10 Global Enterprises Looking to Issue Their Own Cryptos
Jinia Shawdagor's original article for cointelegraph.com reduced by 49%
This article discusses 10 of the biggest enterprises in the world, without a cryptocurrency background, that have already created or are in the process of investing resources to develop a digital currency they can call their own.1. FacebookFacebook is reportedly completing efforts to release its own digital currency. Showing support for the currency, irrespective of his negative attitude toward Bitcoin, CEO Jamie Dimon as well as other top executives at the bank believe that blockchain and regulated digital currencies on it have a promising future they want to explore.
"We have a product that can be a currency in Big Loyalty, we're building a payment platform so the two can marry quite nicely. We have an ecosystem that enables you to use that currency. There's no point having a currency that can't be used." Mitsubishi UFJ Financial GroupNews from Japan's biggest bank shows that Mitsubishi UFJ Financial Group intends to launch a cryptocurrency through its banking arm, the Bank of Tokyo-Mitsubishi UFJ.
After devoting a few years to its development, the financial giant will test the MUFG Coin on about 100,000 accounts in 2019.According to Cointelegraph Japan, Kanetsugu Mike, the president of MUFG, revealed the bank's desire to release a digital currency before the year runs out. "Users will be able to use the currency to make payments at places like restaurants, convenience stores and other shops, as well as to transfer the currency to other participants' accounts." GoogleAfter several years of pessimism and hesitation, Google has also joined the growing list of enterprises that are contemplating getting involved in cryptocurrency in the future, which may lead to them creating their own cryptocurrency.
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Summarised crypto news.