A large-scale test will involve more than 100,000 MUFG customers who are willing to join the project. They will need to install an app on their phones in order to have the funds converted into virtual coins, with each coin being worth a yen. These crypto coins can be spent at different shops as well as restaurants or transmitted to another bank account holder.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/mufg-to-issue-digital-currency/
