The fourth largest bank in the world is launching its own crypt

Japan's Micubisi UFJ Financial Group (MUFG), the fourth-largest bank in the world, is launching its own digital currency MUFG.

MUFG is the largest financial company in Japan and the first Japanese bank to broadcast the digital currency.

The Bank planned to develop the cryptoid from 2016, but the launch date is now definitive and it is announced that this will happen in 2018.

Based on the technology block, the MUFG coin will allow users to make transactions from person to person, as well as to purchases with lower fees.

MUFG announced that the company will process all transactions from its crypto-net, and "such an approach will help improve the stability of coins," announced by the company.

The bank also plans to bundle a MUFG coin for a Japanese yen to keep people's confidence in the new crypt.