Según indica el equipo de MUFG, lamentablemente la pandemia por COVID-19 y otros factores no favorecieron las proyecciones esperadas para esta red, razón por la cual procederán a clausurar el proyecto en los próximos días.
One of the largest banking institutions in Japan, Mitsubishi UFJ Financial Group (MUFG), announced that it will proceed to close refers to the closing price; similar to the same term used in stock trading. its project for the creation of a payment network based on Blockchain, ensuring that they have not had the results originally expected.
MUFG closure of a payment network based on Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies.
According to a press release issued by the team of MUFG this week, the entity was originally operating a payment network based on the Blockchain called Global Open Network a network refers to all nodes in the operation of a blockchain at any given moment in time. Japan (GO-NET Japan), pero comenzó a realizar los trámites respectivos para suspender sus operaciones a razón del lento crecimiento que ha venido experimentando este producto, el cual estuvo prestando servicio durante los últimos tres años.
Among the reasons why MUFG decided to suspend the operations of GO-NET Japan, the company detailed that the slow growth seen in the number of transactions could have been influenced by several factors, among which the pandemic byCOVID-19, which had a great impact on a large part of the commercial activities that took place in the country.
Let us keep in mind that GO-NET Japan was an initiative launched in 2019 jointly by the MUFG and the U.S.-based company, Akamai. It involved the use of Blockchain and the Internet of Things (IoT) to power transactions, reaching the capacity to process around one million transactions per second.
It does not mean the end for Blockchain
Despite the fact that the measure might indicate that MUFG estaría dejando de lado a Blockchain, the truth is that the bank has been expanding its services in the sector.
The entity is still working on what would be the launch of its own cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. in Japan, which is why it has entered into a partnership with the team of Coinbase is an American company that operates a cryptocurrency exchange platform. in 2021, precisely to provide liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. for its new commercial service.
On the other hand, MUFG is supporting the government of Japan in the development of its digital digital technologies are these electronic tools that have the ability to generate, store or even process data. yen initiative. This work is being done in conjunction with other local and international banks, which are contributing their efforts and expertise to put this plan on the best possible course.
Finally, MUFG said it will continue to actively seek out and support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. other companies in the emerging financial landscape.
- Coinbase launches in Japan in partnership with banking giant Mitsubishi
- Blockchain payment network of Japanese bank Mitsubishi UFJ is ready and will arrive in early 2021
- Tourists can use Mitsubishi currency currency is a medium of exchange that defines value. to visit a region of Japan
Version by Angel Di Matteo / DiarioBitcoin
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