SoftBank Launched New SBC Wallet Card Based On Blockchain

SoftBank the telecom carrier of Japan launched its SBC Wallet Card (Softbank Card 3.0), in which there is an integrated blockchain wallet. So let’s find out more about the new card in our Blockchain news today.

In addition to the basic features of a conventional bank card, Softbank Card 3.0 integrates numerous functions. The security of the card is based on the proprietary encryption system of SoftBank that makes use of several encryption mechanisms. Card users have the opportunity to choose between hot and cold wallet functions.

The card can be used as a typical credit card and as a digital wallet. Additionally, it integrates the Internet of Things (IoT) chips that can be connected with smart home appliances.

There is the possibility to manage the card via a special application. Users can download the app to manage their fiat currencies, digital currencies, electronic payment service, and credit card function. While the Wi-Fi module is turned on, the card employs a hot wallet, and when the Wi-Fi is turned off cold wallet can be accessed.

The user interface of the card is quite friendly and can be used by both advanced users and beginners, and the relevant information like the balance is displayed in real-time.

SoftBank Group is the second-largest company in Japan after Toyota. SoftBank Group is a multinational conglomerate holding company, that is based in Tokyo and “owns stakes in  Softbank Corp including:

(ja), Softbank Vision Fund (ja), Arm Holdings, Fortress Investment Group, Boston Dynamics, Sprint (85%), Alibaba (29.5%), Yahoo Japan (48.17%), Brightstar (87.1%), Uber (15%), Didi Chuxing (ca.20%), Ola (ca.30%), Renren (42.9%), InMobi (45%), Hike (25.8%), Snapdeal (ca.30%), Fanatics (ca.22%), Improbable Worlds (ca.50%), Paytm (ca.20%), OYO (42%), Ping An Insurance (7.41%), Slack Technologies (ca.5%), WeWork (ca.80%), Zhongan Online P&C Insurance (5%), Compass (ca.22%), AUTO1 Group (ca.20%), Wag (45%), Katerra (ca.28%), CruiseAutomation (ca.19.6%), ParkJockey, Tokopedia (Indonesia), and many more companies.” According to Wikipedia

SoftBank’s vision is to transform the way of living in Japan and the World through IT, IoT, blockchain, and robotics. The Japanese agents gave great support to SoftBank’s SBC Wallet Cards. SoftBank launched a payment system for 10,000 stores throughout the whole Japan. Also, cardholders will have the opportunity to pay with the card in the US, Southeast Asia, South Korea, and Dubai.

SoftBank SBC Project Leader commented:

“We are not doing simple cards, but are creating a flexible and faster life of the application scene and the future of payment integration. The SBC we built does not close to other encryption cards. You’ll know the black technology only after you used it.”