Money Forward plans to launch a crypto exchange
Japanese service of Automated Personal Financial Management Money Forward Inc plans to launch its own crypto-exchange by the end of the year.
The company started work in this direction in December last year. To this end, the company registered a subsidiary division called Money Forward Financial.
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The plans of Money Forward Financial include the launch of the cryptographic platform and the exchange of digital assets. Further the company will start to create other solutions for working with crypto-currencies: automated payment systems and analytical tools.
The client base of the company has about 5 million users. The cloud application of Money Forward Inc for financial management is used by 500,000 Japanese companies and 2,400 accounting firms.
Prior to this, last week, a major Japanese bank MUFG announced plans to launch its own crypto currency at the beginning of next year.
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