• The wallet will work as a traditional debit card with an in-built crypto wallet. It's currently available only in Japan.
  • The SBC cards are expected to provide increased security and better accessibility compared to other existing wallets.

SoftBank, a multinational conglomerate holding firm, is launching its own SBC wallet card "SoftBank Card 3.0" The card will function like a traditional debit card and has a built-in crypto wallet. The card has been created through collaboration with a wallet development company named Dynamics. In comparison to traditional wallets, the SBC cards are expected to provide increased security and better accessibility.

Having their own encryption system, the cards can perform both hot and cold wallet functions. These cards are supported by an application that comes with the “legal currency storage function, credit card function and electronic payment service.” Thanks to these features, the time taken for block confirmations while performing digital currency transactions are eliminated. 

The announcement stated:

In the version of Softbank Card 3.0, the Wi-Fi function, the fiat and digital currency switching buttons, and the information display screen are integrated. In the Wi-Fi module, the SBC implements a hot wallet when the Wi-Fi function is turned on, and a cold wallet when the Wi-Fi is turned off.

The latest SBC wallet card is presently available only in Japan where it's making a push with 10,000 stores. The card is also expected to be released in other countries including the US.

SBC Wallet Cards have received strong support from well-known local agents, and a payment system for 10,000 stores in Japan has recently been opened, and will be available in the United States, Southeast Asia, South Korea and Dubai. With the SBC Wallet Cards, the Softbank team is making a big break in the blockchain payment arena.


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Crypto Today: Calm between the storm? Schiff says look out below, Dash, Monero stand out

Bitcoin in mid-range, BTC/USD is trading just below $7,400 after experiencing rises and falls of hundreds of dollars within days. Peter Schiff, a life-long crypto skeptic, said that pumpers and dumper have lost the plot, and added: "Look out below".

More Cryptocurrencies News

Ethereum Price Analysis: ETH/USD bumps into $148.00, waits for new drivers

ETH/USD has recovered to $148.00 on Thursday; however, the upside momentum has faded away during early Asian hours. The second largest coin with the current market capitalization of $16.2 billion has settled in a tight range limited by $148.00 on the upside.

More Ethereum News

Monero Price Analysis: XMR/USD rises from the ashes

Monero is arguably the biggest single-digit gainer on the first Friday of December. The crypto has increased in value by 2% on the day after opening the trading session at $55.01. 

More Monero News

Bitcoin Cash price analysis: BCH/USD market momentum turns from bearish to bullish

BCH/USD is on course of charting its second straight bullish day. Currently, the price has gone up slightly to $211.75 and is floating below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. 

More Bitcoin Cash News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP