SoftBank unveils a bank card based on blockchain technology
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Answer SoftBank unveils a bank card based on blockchain technology
Day by day, the focus of investments in the cryptocurrency market and blockchain technology is expanding.
Japanese holding company SoftBank has announced a new bank card based on integrating a cryptocurrency wallet.
According for press release Issued the day before yesterday, December 1, SoftBank created a debit card that contains an embedded blockchain wallet.
This new bank card was developed in cooperation with the US-based company “Dynamics” to develop wallet cards.
The new product is known as SBC Wallet Cards.
The new card can be used for normal, traditional uses or can be used as a blockchain wallet.
Storage and Expansion:
SoftBank aims to give users the ability to use the card as an integrated blockchain wallet to store cryptocurrency hot or cold.
Read:Check out the top 3 cryptocurrencies that rose over 150% this week
Users can also check balance information in real time.
Currently the new card is only available in Japan.
But SoftBank confirmed that it plans to launch the product in South Korea, Southeast Asia, Dubai and the United States of America in the future.
It is worth noting that SoftBank has actively participated in several blockchain-related projects in recent months.
It has invested in many projects related to this industry.
Just last month, SoftBank teamed up with other companies in the industry and participated in a Series B funding round for Lagos-based fintech company Opay, which raised $120 million.
In the same context, OneConnect, a Chinese company backed by “SoftBank”, has applied for an IPO with the US Securities and Exchange Commission.
OneConnect aims to raise $100 million and is also looking to list its shares on the New York Stock Exchange or, if approved, on the Nasdaq global market.
In October 2019, SoftBank’s “TBCASoft” platform announced the cooperation with the giant “IBM”
This partnership aims to adopt a financial payment solution based on the telecommunications chain.
Through the same partnership, the cooperating companies will use the blockchain CBSG group of companies founded by TBCASoft and SoftBank.
Read:The oldest US bank announces a service to hold bitcoins for its institutional clients
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