Type to search

News

SoftBank group launches its own cryptocurrency debit card

Share

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.

Join Bitxmi Exchange and get $10 worth of BXMI token after your first trade

Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

Olesia Deineka

Olesya is a freelance journalist for Bitxmi. Relatively new in the cryptocurrency space, she is passionate about journalism and fair, unbiased reporting.

  • 1

Leave a Comment

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 9,814.40 1.64%
ethereum
Ethereum (ETH) $ 244.10 0.61%
tether
Tether (USDT) $ 1.00 0.07%
ripple
XRP (XRP) $ 0.204994 0.46%
bitcoin-cash
Bitcoin Cash (BCH) $ 261.51 3.14%
bitcoin-cash-sv
Bitcoin SV (BSV) $ 196.63 1.03%
litecoin
Litecoin (LTC) $ 47.67 0.27%
cardano
Cardano (ADA) $ 0.088773 0.43%
binancecoin
Binance Coin (BNB) $ 17.57 0.12%
eos
EOS (EOS) $ 2.73 1.15%
tezos
Tezos (XTZ) $ 2.99 1.39%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.098940 2.93%
chainlink
ChainLink (LINK) $ 4.46 0.86%
stellar
Stellar (XLM) $ 0.082484 3.70%
okb
OKB (OKB) $ 5.26 0.48%
monero
Monero (XMR) $ 68.65 1.66%
leo-token
LEO Token (LEO) $ 1.22 1.47%
tron
TRON (TRX) $ 0.016983 1.00%
huobi-token
Huobi Token (HT) $ 4.10 0.47%
neo
NEO (NEO) $ 12.22 1.58%
ethereum-classic
Ethereum Classic (ETC) $ 6.94 0.30%
dash
Dash (DASH) $ 78.81 0.40%
usd-coin
USD Coin (USDC) $ 0.999651 0.02%
iota
IOTA (MIOTA) $ 0.250138 1.62%
cosmos
Cosmos (ATOM) $ 3.12 6.10%
zcash
Zcash (ZEC) $ 53.99 1.54%
vechain
VeChain (VET) $ 0.006854 4.62%
nem
NEM (XEM) $ 0.046404 0.66%
ontology
Ontology (ONT) $ 0.599807 1.83%
maker
Maker (MKR) $ 425.79 0.55%
basic-attention-token
Basic Attention Token (BAT) $ 0.242412 7.61%
dogecoin
Dogecoin (DOGE) $ 0.002618 0.80%
ftx-token
FTX Token (FTT) $ 3.00 0.29%
theta-token
Theta Network (THETA) $ 0.296485 5.69%
paxos-standard
Paxos Standard (PAX) $ 0.999748 0.07%
omisego
OMG Network (OMG) $ 1.69 1.05%
digibyte
DigiByte (DGB) $ 0.017947 0.47%
decred
Decred (DCR) $ 18.61 5.43%
0x
0x (ZRX) $ 0.327849 0.94%
hedera-hashgraph
Hedera Hashgraph (HBAR) $ 0.044100 2.40%
algorand
Algorand (ALGO) $ 0.238693 1.44%
icon
ICON (ICX) $ 0.334760 1.18%
enjincoin
Enjin Coin (ENJ) $ 0.198453 1.95%
zilliqa
Zilliqa (ZIL) $ 0.016954 3.46%
lisk
Lisk (LSK) $ 1.27 2.25%
qtum
Qtum (QTUM) $ 1.85 0.75%
binance-usd
Binance USD (BUSD) $ 0.999345 0.18%
bitcoin-gold
Bitcoin Gold (BTG) $ 9.45 1.03%
augur
Augur (REP) $ 14.39 3.30%
true-usd
TrueUSD (TUSD) $ 1.00 0.03%