Crypto NEws

Major Japanese Fintech Company Reveals Plans to Launch Crypto Exchange This Year

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The operator of one of Japan’s most popular personal budgeting apps Money Forward has announced its plans to launch a crypto asset exchange this year.

Money Forward Inc., the operator of one of Japan’s most popular personal budgeting apps, has announced its plans to launch a crypto asset exchange this year, in a company press release Wednesday, May 23.

A new subsidiary, MF Financial Co., Ltd., that launched today will be devoted to the company’s new crypto exchange project, and will be headed by a member of Money Forward’s Blockchain and Virtual Currency Laboratory.

The press release outlines MF’s plans to first launch a crypto media platform by summer 2018, followed by a crypto asset exchange and the construction of a digital assets remittance and settlement system, which the MF Laboratory has been researching since December 2017.

As of late 2017, the Tokyo-based company reportedly has 5.5 mln users, with over 500,000 Japanese businesses and 2,400 accounting firms using its cloud-based software for their tax accounting and invoices.

The company today also announced improved tools for its customers who currently use cryptocurrencies, providing them with an automated crypto accounts book that can be supported with data from twenty domestic and foreign crypto exchanges. The new tools also simplify users’ crypto tax return filings, by giving them an automated profit and loss calculation tool for their transaction histories.

Major Japanese financial institutions are increasingly making inroads in facilitating the country’s booming cryptocurrency sector. Just yesterday, Mitsubishi UFJ Financial Group (MUFG), the world’s fifth largest bank by total assets, successfully piloted a cross-border payment using a Thai bank’s Blockchain Interledger.

In the past two weeks, MUFG has also revealed that it is partnering with a US cloud delivery platform to launch a blockchain-based global payment network, as well as announcing plans to trial its own cryptocurrency by 2019. Meanwhile, Japan-based global investment bank Nomura last week announced its venture to establish a custodian solution for digital assets, targeting institutional investment in the crypto space.

Home Crypto Mining 100k Bitcoin in 2018!
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100k Bitcoin in 2018!

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100k Bitcoin in 2018!

Is Bitcoin going to 100k in the year 2018? Many analysts are predicting a bullish Bitcoin for the remainder of the year and I tend to agree with them. I feel that we are finally seeing the light at the end of the Bitcoin bear tunnel and are ready for the bulls to come out!

Famous Venture Capitalist Tim Draper was on Bloomberg two days ago, sharing his thoughts on why Bitcoin will be worth a lot more than what it is today. Incase you do not know, he’s the guy who predicted in 2014 that Bitcoin would hit $10,000 in three years. And he was spot on! Now he is predicting a $100,000 Bitcoin in 2018 and a 250k Bitcoin by 2020! Is he correct? Only time will tell, but we are definitely living in some exciting times!

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Comment(27)

  1. Do not listen to the mainstream media and all the negativities they broadcast about the volatile nature of bitcoin. If you invest smartly in bitcoins you will definitely achieve financial independence. Do you have bitcoin?do you know you can mine 0.5btc in five days or 1.8btc in three weeks if you want to do so then Mr Collins Batts mining system would work best for you,link through collinsbatts5@gmail.com.some person’s will say the price of bitcoin is low and not profitable..The truth is that very soon the price of bitcoin will sky rocket,it’s working for me. I appreciate your assistance sir.

  2. $100,000?? Too optimistic. The war is on with Banking afraid of Cryptocurrency. China moving to regulate. I’m more with Classen. Watch for a $35,000 at end of Q4.

  3. Saw an analysis today, and it compared bitcoin to an flue, and found that bitcoin will never again see 20k, and that it would loose value over time, since the all world now is infected, and there are no more vitims to infect. You forgot to include that analysis. It came from Barclay.

  4. dont get fooled, avoid cloud mining, if you want to get inbitcoin/ altcoins, guys/ladys, buy ur own stuff,
    yes its not cheap, but you have all in ue own hands, and if it cost to much on power, develop search to
    make ur own power, yes it will cost a bit, but ur good for about 20 years, if you did not make it back hm hm…..
    second, just buy coins what ur budjet alow, once again, dont believe in a 40k 60k 100k coin it wont happen
    right now, i’m 50yrs and i hope next generation will make something good of it, coz till now its miss used
    by people yeah you know all, but thy dont show, there nose bleed, huh goverment suckers, no we hurt of them
    thanks guys/ladys, my 5cent of tought
    i’m from belgium

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