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With two Japanese cryptocurrencies coming, ATMs may be on the way out

Belatedly, a cash-based society may be giving way to digital progress

Nobuyuki Hirano, president of Mitsubishi UFJ Financial Group, speaks at Fin/Sum Week 2017 in Tokyo's Marunouchi district on Sept. 19.

TOKYO -- While new financial technologies are catching on overseas, Japan has clinged to cash.

Virtual currencies like bitcoin are attracting huge sums of speculative money from individual investors, and digital payment systems like Alibaba Group Holding's Alipay are making it easier for consumers to buy stuff.

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