Blockchain-Based SBC Wallet Cards Issued By Japanese Telecom Carrier SoftBank

Blockchain, Innovation, News | December 2, 2019 By:

Japan-based telecom carrier SoftBank has officially released its blockchain-based SBC Wallet Cards (Softbank Card 3.0).

SoftBank provides mobile communication, fixed-line communication and Internet connection services to customers in Japan. It aims to transform lifestyles through IT and expand into other business areas, including Internet of Things (IoT), robotics, blockchain, and energy.

In a press release, SoftBank announced the release of SBC Wallet Cards, which claims to improve the shortcomings of traditional wallets by providing better security and access. It utilizes its own encryption system, realizes multiple encryption mechanisms and can realize hot and cold wallet functions.

“The legal currency storage function, credit card function and electronic payment service eliminate the time for block confirmation and realize the function of timely redemption and payment,” the company said. “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 card is embedded in the world’s only cutting-edge technology battery (simply put a smart led screen on the SBC card which displays the balance of your card), which is paper thin, and can be used for three years.”

According to SoftBank, the SBC Wallet Cards app has a fiat and crypto switching buttons that can be quickly switched by the left and right buttons. The app also displays card balance and other information in real time. In addition to the basic functions, users can control the smart home appliances in the home by password, lender, debit, credit payment, etc.

The new product has reportedly 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.

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