Financial Giant SoftBank Breaks Into Crypto Payments, Launches New Bank Card With 10,000 Stores

Tokyo-based SoftBank, a multinational conglomerate holding company, is introducing its own SBC wallet card, “Softbank Card 3.0,” which works like a traditional debit card and has a built-in cryptocurrency wallet.

According to the announcement, the card has been created through a partnership with wallet card development firm Dynamics. SBC wallet cards aim to provide improved security and better accessibility when compared to traditional wallets. The cards have their own encryption system and can perform both hot and cold wallet functions.

The cards are supported by an app that comes with the “legal currency storage function, credit card function and electronic payment service.” These features eliminate the time required for block confirmations when performing digital currency transactions. Read More...


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