MUFG drops blockchain payment project to focus on stablecoins -Breaking
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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.
Officially, MUFG Annouced 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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