Odaily Planet Daily News Mitsubishi UFJ Financial Group (MUFG) and Mizuho Financial Group (FG) will cooperate to develop a digital currency for inter-company payments. The digital currency will be issued on the common infrastructure of Mitsubishi UFJ Trust Bank, a subsidiary of Mitsubishi UFJ Financial Group, in 2024. Mizuho will participate in the digital currency framework to make it practical, which will make complex and high-cost trade settlement through digital currency. It is more efficient and cost almost zero. (Nikkei Shimbun)