SoftBank Releases Debit Cards With Built-In Blockchain Wallet
Ana Alexandre's original article for cointelegraph.com reduced by 76%
Japanese holding company SoftBank has introduced a new debit card featuring a built-in cryptocurrency wallet. According to a press release on Dec. 1, SoftBank developed a debit card featuring a built-in blockchain wallet in collaboration with United States-based wallet card developer Dynamics.
The new product is called SBC Wallet Cards and can be used as a traditional debit card or blockchain wallet. Consumers can use the integrated blockchain wallet as both cold and hot digital currency storage and check balance-related information in real-time. Currently, the card is available exclusively in Japan SoftBank plans to roll out the product in Southeast Asia, South Korea, the United States and Dubai in the future.
In October, SoftBank, blockchain platform TBCASoft and technology behemoth IBM announced a collaboration to adopt a cross-carrier telecommunications blockchain payment solution. The partnership aims to allow carriers to use blockchain through the Carrier Blockchain Study Group Consortium - founded by TBCASoft and SoftBank.
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