A new debit card that features an inherent crypto wallet has been released. It was released by SoftBank (a Japanese holding firm). On December 1, a press release reported the development of the card in collaboration with Dynamics (a wallet card developer based in the U.S.). The new debit card is known as SBC Wallet Cards and interestingly, it is usable as a conventional debit card or blockchain wallet.

Users can utilize the inherent blockchain wallet for the storage of cold and hot digital currency and for checking balance in real-time. At the moment, those in Japan have access to the card while SoftBank is planning to introduce it in Southeast Asia, South Korea, the U.S. and Dubai ahead.

In the past few months, SoftBank was involved in projects related to blockchain, as well as some investments. One of such participations is the series B financing of a fintech known as Opay based in Lagos, Nigeria. It happened in November and it involved SoftBank as well as other industry players.

A fintech firm based in China, backed by SoftBank and known as OneConnect filed for an initial public offering with the United States SEC. The firm is trying to raise $100 million to be listed on the Nasdaq Global Market or New York Stock Exchange, following approval.

The collaboration among SoftBank, TBCASoft and IBM was announced in October towards the adoption of a cross-carrier telecommunications blockchain payment solution. The purpose of the collaboration is to help carriers utilize blockchain via the Carrier Blockchain Study Group (CBSG) Consortium that was established by TBCASoft and SoftBank.