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While we have seen a few crypto-based smart cards over the past year, the Japanese multinational conglomerate holding company Softbank just raised the bar a notch higher as it launched a set of ‘actual’ smart cards with cryptocurrency wallet functionalities.
As opposed to previous cryptocurrency cards that perform basic operations of familiar conventional credit and debit cards, the SBC Wallet Cards are designed to perform way more functions, catering to both the users’ security needs and financial needs.
The card, released towards the end of November, is aimed at improving the shortcomings of traditional wallets. The smart crypto card provides a solution to the need for enhanced security and easy access.
Cold & Hot Wallet Functions, Real Time Payment
Among its list of impressive functions is the fact that the SBC Wallet Cards is designed to serve both cold and hot wallet functions. In addition to that, the smart card comes with its own encryption system and utilizes multiple encryption mechanism. This takes the security function up a notch.
It also comes with an electronic digital payment service, tailored to eliminate the time for block confirmation of the cryptocurrency’s blockchain network. Users can thus now enjoy real-time redemption and payment.
Commenting on this innovative idea, Softbank’s SBC Project Leader explains:
“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.”
According to the press release, users will also find it enticing that such a sophisticated crypto card can be used effortlessly. The application is designed with a great user interface and easy navigation. You can totally switch between different wallets in no time. You also get a clear picture of your card balance and other info without joggling through a jumbled wire of info. Easy. Safe. Fun. Certainly sounds promising.
Crypto Cards in the Service of the Revolution
The primary goal of the crypto industry is to revolutionize the norm in different sectors, especially the financial world. From changing the way we spend to changing the way we invest and how information is stored, you wouldn’t be wrong if you said the crypto ecosystem was created to revolutionize the economic status quo of today.
To achieve this extraordinary goal, a ton of innovative ideas have erupted over the years. Amongst these ideas is the creation of crypto smart cards that perform the functions of the traditional credit cards and even more.