SoftBank group launches its own cryptocurrency debit card
The world’s most popular tech holding company, SoftBank, has released a new debit card that can be used to pay for both fiat and cryptocurrencies. The news was announced on a Press Release by the company.
The new card is called the SBC Wallet card. The Softbank’s cryptocurrency debit card is released in collaboration with the US-based company, Dynamics. According to SoftBank,
“The new SBC card will improve the shortcomings of traditional wallets by providing better security and access”.
Currently, the card is only available in Japan, but SoftBank plans to introduce the card in South East Asia, South Korea, the US and Dubai in the near future. SoftBank is no stranger to the blockchain and the company has actively been investing in blockchain projects.
New Kind of Card
The SBC card by SoftBank is unlike a traditional Debit card. The company claims the card has an inbuilt WiFi which allows is it to act like both a hot wallet and a cold wallet. This has been possible due to a revolutionary micro battery which lasts up to 3 years.
The card acts as a hot wallet when connected with WiFi and acts like a cold wallet (similar to Trezor or Ledger) when disconnected from WiFi.
SoftBank’s new debit card has the potential to bring cryptocurrency adoption to the masses, a feat which global companies such as Facebook and Twitter are trying.
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