| Developers: | SoftBank Corp |
| Date of the premiere of the system: | December, 2019 |
| Branches: | Financial services, investments and audit |
2019: Beginning of release
At the beginning of December, 2019 SoftBank announced the debit card issue, equipped with the built-in cryptocurrency wallet and the LCD display to which the balance and other information in real time can be brought. The new product received the name SBC Wallet Card. It is developed together with Dynamics company.
Clients will be able to use the built-in purse for hot or cold storage of cryptocurrencies. It is possible to switch quickly between traditional and digital currencies for payment of purchases.
"Plastic" is supplied with the Wi-Fi-module which deactivation transfers the cryptocurrency wallet from hot to a cold storage mode. For what use of cryptocurrencies the card is suitable, it is not specified.
The bank card has the rechargeable battery which charge should last for three years of work. What to do to clients then, it is not reported. Perhaps, after discharging the bank will replace the card with new.
Affirms that the SBC Wallet Card technology significantly reduces a set-up time and release of the new card, cuts down expenses at the wholesale supplies of "plastic" to the companies, allows to react quicker to thefts and improve interactions of the seller and the buyer.
By the beginning of December, 2019 of the SoftBank card are available in the Japanese market, but in the future the company is going to let out them Southeast Asia, South Korea, the USA and in Dubai.
The Japanese business showed great interest to new debit cards. More than 10 thousand sellers in the country supported the initiative and began to accept payment through SBC Wallet Card.
Softbank considers SBC Wallet Card a big step in development of a traditional banking system as introduction of new generation of debit cards will build the reliable bridge between modern technologies and the bank industry.[1]
Notes
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