Colleagues,
payment speed increase and OPEX reduction once again are the business drivers
behind Japan’s largest bank to adopt Blockchain. Sounds familiar. MUFG
in partnership with Akamai
expect it to process over a million transactions per second with less latencies
of less than two seconds per transaction and ultimately with underlying Blockchain
architecture that is “expected to be extensible to 10 million transactions per
second.” By comparison, when Bitcoin backed by the world’s first Blockchain
can process seven transactions per second with latencies exceeding 10 minutes.
Read the joint May 21, 2018 announcement by clicking
here. This action comes just months after MUFG announces plans to
issue its own yen-backed
cryptocurrency in January of this year. The Cryptocurrency Academy is not
surprised by this move. Moreover, we predict a veritable tsunami of
cryptocurrency related Blockchain initiatives from major financial institutions
across North America, Asia and Europe in the coming months. So who is next in
line? Send us your comments and subscribe today! Lawrence, Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com)
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