The Japanese holding company SoftBank has introduced a new debit card with a built-in cryptographic currency portfolio.
According to the press release of December 1st, SoftBank developed a debit card with a built-in blockchain wallet in cooperation with Dynamics, an American debit card developer. 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 portfolio in Blockchain as both a cold and hot digital currency store and check balance sheet information in real time. Currently, the card is only available in Japan, but SoftBank plans to launch the product in Southeast Asia, South Korea, the United States and Dubai in the future.
In recent months, SoftBank actively participated in blockchain projects, including numerous investments. In November, SoftBank and other market participants participated in the financing round of the B series of Fintech Opay based in Lagos, which generated USD 120m.
OneConnect, a Chinese company supported by SoftBank, applied for an initial public offering to the American Securities and Exchange Commission. The company is trying to raise USD 100 million with a view to listing on the Nasdaq Global Market or, if approved, on the New York Stock Exchange.
In October, SoftBank, the TBCASoft block platform and IBM technology announced cooperation to adopt a cross-carrier blockchain payment solution. The partnership aims to enable carriers to use blockchain through the Carrier Blockchain Study Group (CBSG) - a consortium founded by TBCASoft and SoftBank.
