SoftBank, a Japanese Investment bank, has launched a new bank card with blockchain technology. The card comes with all the functions of a debit card including a blockchain wallet.
The Tokyo based company issued a prepaid visa card with an inbuilt blockchain wallet. The company called it an SBC card which includes a hot wallet as well as a cold wallet. A user will not have to wait for the block confirmation and they can redeem their assets quickly.
According to the company, customers can change between cryptocurrency and fiat currency with a click of a button on the application.
In the press release, Softbank said it is creating a “Future of payment integration.”
SoftBank has invested with blockchain and cryptocurrency companies from all around the world. The Japanese investment company, in April this year invested $1 billion into WireCard, a German payment company.