SoftBank Releases Debit Card with Built-in Cryptocurrency Wallet

SoftBank, a Japanese conglomerate, together with the American project Dynamics introduced a new debit card with a built-in cryptocurrency wallet “SBC – Wallet Cards”.

According to SoftBank, the new product can be used as a regular debit card or wallet based on the blockchain, the choice is made by the user. Customers will be able to use the built-in wallet for hot or cold storage of cryptocurrencies, as well as check balance information in real time.

To date, the card is available only in Japan, but in the future SoftBank plans to introduce it in Southeast Asia, South Korea, the United States and Dubai.

SoftBank takes an active part in projects related to blockchain technology. So, in February, SoftBank and the American telecommunications company TBCASoft led a research group to study the blockchain in the framework of digital identity.

blocks

In addition, in October they launched a blockchain-based payment solution for making P2P payments between various mobile operators, now with the participation of IBM.

Leave a Reply

avatar
  Subscribe  
Notify of