Japanese blockchain startup Masa sushi is developing its own cryptocurrency that will be available for purchase through the Japanese cryptocurrency exchange Mt.
The company’s founder and CEO, Masa Masato, explained that Masa will make its own currency available through the Mt.
Gox exchange because it was designed specifically for the Japanese market.
“We have a different strategy for Japan because we have a very different financial situation,” Masato said in a statement.
“We want to make our own cryptocurrency available on Mt.gox because Mt.gate has failed.”
Masato’s company is planning to launch the new cryptocurrency at a later date.
The new currency, which Masa says will be the first of its kind, will be mined on Masa’s computer in the city of Osaka, Japan.
“The currency is intended to be a way for Japanese consumers to transact with one another.
It will be created by the company and distributed to users through the marketplaces on MtGox,” the company said in its statement.”
This way we can create the first cryptocurrency in the world that will work in Japanese markets.”
The cryptocurrency Masa plans to launch on Mtgox will be made available for bitcoin trading.
Masa is hoping to capitalize on the rise in interest in blockchain technologies by launching a cryptocurrency that is not only easy to use, but also secure.
The company plans to create a version of its currency for Japanese bitcoin exchanges.
Masato is confident that the new currency will work well for Japan’s market because it has not yet been tested.
“Japanese companies should have more experience with Bitcoin than in the US.
They should also have the skills to create an innovative cryptocurrency,” Masa said.
“Our team will help with testing and deployment of the new bitcoin currency, while also creating other products for Japanese users.”
Masa’s new cryptocurrency will also be available to Japanese consumers through Mt.
Gate, the exchange where Masa is selling its coins.
Gate is not currently accepting Japanese bitcoin.
Masahashi is also in talks with Japanese exchanges to offer Masa a bitcoin-like currency called MASA.
Masa wants to be able to sell MASA for its coins directly through MtGix.
“I hope to reach the next level of innovation with the MASA currency, and we hope to have MASA as the first crypto for Japan,” Masuichi Fukuda, Maso’s CEO, said in the statement.
Masamushi, which has raised more than $1 million from investors, is aiming to sell 100,000 MASA tokens by the end of 2020.
The first 500,000 tokens will be sold to Japanese individuals, who will then use the MASAMONEY platform to purchase the currency.
The goal is to raise another 100,001 tokens, which will then be traded on Mt Gox, the Tokyo-based cryptocurrency exchange.
Moshi, which is a subsidiary of Masa, has been trying to establish itself in the Japanese blockchain market for some time.
The Japanese company started selling its own bitcoin exchange in 2013.
The MASAMONE, which was created in 2016, is designed to be used by Japanese bitcoin exchange users.
“Moshi has been working with Japanese exchange users to provide them with MASAMINE, the first bitcoin exchange-like cryptocurrency for Japanese exchanges,” Masanato said.
Matsumoto is the company’s chief executive.