The Japanese bank has announced on December 1st, it will be releasing a new debit card for customers which will include a built-in cryptocurrency wallet. Consumers can use the integrated blockchain wallet as both cold and hot digital currency storage and check balance-related information in real-time.
Currently, the card is available exclusively in Japan, however, SoftBank plans to roll out the product in Southeast Asia, South Korea, the United States and Dubai in the future. The new product is called SBC Wallet Cards and can be used as a traditional debit card or blockchain wallet.
In recent months, SoftBank has actively participated in blockchain-related projects, including a number of investments. In November, SoftBank and other industry players participated in a series B financing round of Lagos-headquartered fintech Opay, which raised $120 million.