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Japanese company Money Forward plans to launch a crypto exchange

To implement the plans, the company has already registered a subsidiary division called Money Forward Financial.

24.May.18 7:31 AM
By John M Jeffcoat


Japanese company Money Forward plans to launch a crypto exchange
The news portal reports that the operator of the popular Japanese application, which helps manage personal financial portfolios - Money Forward Inc, announced its intention to open a new crypto site for the works this year.

Japanese media report that the financial and technical corporation has been working on this project since the end of 2017. In order to implement these far-reaching plans, the company registered the subsidiary, which was named Money Forward Financial.

The opening of the exchange was announced in the summer, first the media crypto platform will be launched, and then the digital assets exchange. Money Forward plans to create a wide range of new tools for cryptocurrency transactions, it will include automated payment systems and various applied analytical programs.

Today, Money Forward clients are 5 million people. Cloud programs, developed by the company for accounting of taxes and financial transactions, use about 500 thousand companies in the country.

Japan's cryptocurrency industry is gaining momentum, so last week it became known that the largest Japanese banking organization, MUFG, talked about its intentions to launch its own digital currency in 2019.

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