CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
  • Opinions
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
Home » Crypto News » Tokyo-Based Softbank To Offer Cryptocurrency Debit Cards To Its Clients

Tokyo-Based Softbank To Offer Cryptocurrency Debit Cards To Its Clients

Author: Jordan Lyanchev

Last Updated Dec 2, 2019 @ 14:53

Softbank, one of the popular banks in Japan, has announced the introduction of a new type of debit card for its clients. Reportedly, the bank will start providing debit cards equipped with Internet of Things (IoT) chips, and it would be usable as a cryptocurrency wallet as well.

Softbank Launches Cryptocurrency Debit Card

The popular Japanese bank, Softbank, announced today a new debit card that seeks to implement cryptocurrencies into traditional market products. As with any regular debit card, this one will be eligible for traditional transactions using FIAT money but clients can use it to spend or store digital assets.

The statement says that it will also have the functions of a blockchain wallet. Additionally, it appears that the card could be connected to WiFi. By switching the internet on and off, users can choose whether to use it as a hot or a cold wallet.

The Japanese banking institution seems to be implementing other aspects of technology, as well. The new debit card will reportedly be “smart” due to IoT chips, as well as a battery, and a small display on top of it. The screen can be used to monitor the funds in the card in real-time, and clients can operate both regular fiat money and cryptocurrencies.

Institutional Adoption For Cryptocurrencies

Banks are not generally quite fond of cryptocurrencies. However, there are several previous examples where some of them have made steps to either enter the market themselves or use the technology.

The U.K. branch of Santander Group announced a partnership with the third-largest cryptocurrency by market cap. The bank uses Ripple in commercial services for real-time cross-border payments.

Another giant in the banking field, JP Morgan, said earlier this year that the company will create its own cryptocurrency. It will reportedly be used to instantly settle transactions between clients of its wholesale payments business.

A possible game-changer came as recently as last week from Germany. As Cryptopotato reported, banks in the country might be able to store Bitcoin and other cryptocurrencies as of 2020. If executed properly, customers will be able to purchase and invest in digital assets directly from banks, which could lead the way for more adoption in traditional markets.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

You Might Also Like:

  • paypal_crypto_bitcoin-min
    The Good and The Bad About Cryptocurrency on PayPal
  • bitcoin_easy
    US Plans to Simplify Regulation Process for Cryptocurrency Firms
  • hong_kong_cover
    Hong Kong's SFC Plans To Regulate Local Cryptocurrency Exchanges
Tags: Blockchain Adoption Japan
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Jordan Lyanchev
More posts by this author

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$37,211.00
  • ethereum
    ETH$2,021.83
  • Join Our Community

    FacebookX YouTubeTelegram


    Editorials
    Could the Blockchain Disrupt Big Data in the E-commerce Industry?

    Could the Blockchain Disrupt Big Data in the E-commerce Industry?

    Binance’s New CEO Richard Teng: The Key Factors That Will Drive Mass Adoption in 2024 (Interview)

    Binance’s New CEO Richard Teng: The Key Factors That Will Drive Mass Adoption in 2024 (Interview)

    How Bitcoin Can Be a Lifeboat for People in Third World Countries: Interview with Ledn’s Mauricio Di Bartolomeo

    How Bitcoin Can Be a Lifeboat for People in Third World Countries: Interview with Ledn’s Mauricio Di Bartolomeo

    What 600 Startup Applications Tell About Blockchain & AI in 2024

    What 600 Startup Applications Tell About Blockchain & AI in 2024

    Bitcoin, Security, and the Future of Crypto: Interview with Jameson Lopp (Bitcoin Amsterdam 2023)

    Bitcoin, Security, and the Future of Crypto: Interview with Jameson Lopp (Bitcoin Amsterdam 2023)

    Zero-Knowledge (ZK) 101: Everything You Need to Know About ZK Proofs

    Zero-Knowledge (ZK) 101: Everything You Need to Know About ZK Proofs

    Potential Implication of SBF Verdict on Crypto Leaders

    Potential Implication of SBF Verdict on Crypto Leaders

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!