SoftBank Releases Debit Cards With Built-In Blockchain Wallet
Tuesday, 12 03 2019, Category: Technology, Country: Asia
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.
Crypto storage and further expansion
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, however, SoftBank plans to roll out the product in Southeast Asia, South Korea, the United States and Dubai in the future.
In recent months, SoftBank has actively participated in blockchain-related projects, including a number of investments. In November, SoftBank and other industry players participated in a series B financing round of Lagos-headquartered fintech Opay, which raised $120 million.