Japanese Megabank Mizuho is Launching its Own Digital Currency in March

Almost a fortnight since JPMorgan unveiled its own cryptocurrency and nearly three years after conducting tests, Japanese financial giant Mizuho Financial Group has announced a launch date for its digital currency, J-Coin. According to the Nikkei Asian Review, the Japanese bank will unveil its own crypto known as J-Coin on March 1. The value of the J-Coin will be pegged to the yen with one coin being worth one yen. Mizuho Financial Group intends to use its cryptocurrency primarily in digital payments and remittances. The Japanese banking giant has partnered with other domestic financial institutions numbering around 60. Combined, the

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source https://www.ccn.com/japan-megabank-mizuho-digital-currency-payments

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