trending Market Intelligence /marketintelligence/en/news-insights/trending/3qtA5w4lKnVeFKv8IAKHzg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Report: Mizuho to launch digital currency in March 2019

Blog

Banking Essentials Newsletter: May Edition

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021


Report: Mizuho to launch digital currency in March 2019

Mizuho Financial Group Inc. aims to launch its proprietary digital currency in March 2019, The Nikkei reported Dec. 26, without citing sources.

The new digital coin is the result of the J-Coin project, which was announced by the Japanese bank in 2017. For the project, Mizuho partnered with about 60 regional banks, which will be able to offer the to-be-named digital coin to their customers.

The value of the virtual currency will be fixed at ¥1 per unit and will not fluctuate on the market.

Users of the digital currency will be able to pay for goods and remittances using QR codes. Retail shops that accept the new currency will be charged lower fees than those charged for credit card services, according to the report.

As of Dec. 26, US$1 was equivalent to ¥110.44.