The Japanese giant SoftBank has launched the new SBC Wallet Cards (Softbank Card 3.0).
SoftBank Group Corporation is a Tokyo-based financial holding company offering banking, landline and mobile services, broadband Internet, e-commerce, marketing, semiconductor design and more. It is also the third-largest listed company in Japan after Toyota and MUFG.
The new cards offer payment services in both fiat currency and digital assets. Initially, they will only be available on the Japanese market, where they are accepted by about 10,000 stores, but in the future, they could also be issued in other countries, such as the United States, South Korea, Dubai and Southeast Asia.
The objective of SBC cards is to improve the shortcomings of traditional wallets by providing greater security and better accessibility.
How does the SBC Wallet Card work?
It’s not just a simple plastic debit card, because the new SBC cards will feature a thin, thin LED screen that shows users their balance in real-time, powered by a micro-battery that can last up to three years.
There will also be a dedicated app.
In addition, thanks to an integrated WiFi receiver, they can also be used as hot or cold cryptocurrency wallets.
In fact, when they are disconnected they act as cold wallets, but as soon as they are connected to the network they become hot wallets that can be used to make payments in crypto or in fiat currencies.
The SBC wallet cards will also have reduced issuing times and costs.
With these SBC cards, Softbank wants to take a step forward in the blockchain-based payments sector, to the extent that the Project Leader has declared:
“We are not doing simple cards, but are creating a flexible and faster life of the application scene and the future of payment integration. The SBC we built does not close to other encryption cards. You’ll know the black technology only after you used it”.