SoftBank Leads $30M Round for Cashierless Stores Startup Accel Robotics

Now, we all know SoftBank for its “unicorn status” investment decisions and so it shouldn’t come as a surprise to many that the investment giant has participated in a Series A round of funding for Accel Robotics which is a San Diego-based startup that has been involved in the cashierless space for a bit now. The funding round also attracted other investors including Toyo Kanetsu Corporate Venture Investment Partnership, RevTech Ventures and New Ground Ventures. Accel Robotics and other technology startups have been looking into the various means and methods…

Softbank Rolls Out Smart Crypto Credit Cards with Advanced Wallet Functions

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…

SoftBank Releases Debit Cards With Built-In Blockchain Wallet

Japanese holding company SoftBank has introduced a new debit card featuring a built-in cryptocurrency wallet. According to a press release on Dec. 1, SoftBank developed a debit card featuring a built-in blockchain wallet in collaboration with United States-based wallet card developer Dynamics. The new product is called SBC Wallet Cards and can be used as a traditional debit card or blockchain wallet. Crypto storage and further expansion 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…

IBM, SoftBank and TBCASoft Partner Up to Revamp the Telecom Industry with Blockchain

The U.S.-based blockchain firm TBCASoft, Japanese multinational conglomerate holding company SoftBank and American tech giant IBM are coming together to disrupt the telecommunication industry with dedicated cross-barrier blockchain solutions. The firms announced a strategic partnership to utilize blockchain technology for a platform specifically designed to address key challenges associated with the industry. The platform will bring industry leaders together, offer new services to telecom carriers and their subscribers, and help to develop new business models. As per the announcement, TBCASoft is allocated with the task of bringing dedicated technology and…

TBCASoft, IBM ו-SoftBank מכריז על תשלום נייד בלושלרשת

שרשרת הבלוק TBCASoft, הטכנולוגיה הבהמה IBM וטלקומוניקציה מחברת SoftBank הודיעה על אוקטובר 22 שיתוף פעולה כדי לאמץ פתרון של שרשרת תקשורת חוצת-נושא ברשת. מערכת הובלה צולבת חדשה השותפות מבקשת לאפשר לחברות להשתמש בשרשרת החסימות באמצעות קבוצת הלימוד של שרשרת המוביל (CBSG), שנוסדה על ידי TBCASoft ו-SoftBank. TBCASoft הדיווחים כבר יצרה שרשרת מרובת הנושא עם 18 משתתפים. היישום הראשון ש-CBSG מתכוון להשיק הוא מערכת התשלומים הצולבים (CCPS), המטרתה לאפשר למשתמשי שירות ניידים להשתמש בטלפונים שלהם לקבלת תשלומים עם סוחרים מקומיים בחו ל. מייסד ומנכ ל TBCASoft לינג וו ציין: "כחלוץ העולמי…

TBCASoft, IBM ו-SoftBank הודיעה על תשלום נייד בלושלרשת

שרשרת הבלוק TBCASoft, הטכנולוגיה הבהמה IBM וטלקומוניקציה מחברת SoftBank הודיעה על אוקטובר 22 שיתוף פעולה כדי לאמץ פתרון של שרשרת תקשורת חוצת-נושא ברשת. מערכת הובלה צולבת חדשה השותפות מבקשת לאפשר לחברות להשתמש בשרשרת החסימות באמצעות קבוצת הלימוד של שרשרת המוביל (CBSG), שנוסדה על ידי TBCASoft ו-SoftBank. TBCASoft הדיווחים כבר יצרה שרשרת מרובת הנושא עם 18 משתתפים. היישום הראשון ש-CBSG מתכוון להשיק הוא מערכת התשלומים הצולבים (CCPS), המטרתה לאפשר למשתמשי שירות ניידים להשתמש בטלפונים שלהם לקבלת תשלומים עם סוחרים מקומיים בחו ל. מייסד ומנכ ל TBCASoft לינג וו ציין: "כחלוץ העולמי…

Is Softbank Right to Stay Away From Crypto After Son's $130M Bitcoin Loss?

While Bitcoin (BTC) has always been about improving the world’s financial and political wellbeing, this nascent market isn’t all too kind. Over the course of 2018, retail investors across the board lost their shirts, industry employees were laid off, and crypto’s reputation and presence in the mainstream sadly fell off the map. Related Reading: FUD Storm: Mainstream Media Back Bashing Bitcoin the Moment Markets Move But no one entity or investor is likely hurting as much as Masayoshi Son. Reports from mainstream financial news outlets revealed Tuesday that the founder…

Is Softbank Right to Stay Away From Crypto After Son’s $130M Bitcoin Loss?

While Bitcoin (BTC) has always been about improving the world’s financial and political wellbeing, this nascent market isn’t all too kind. Over the course of 2018, retail investors across the board lost their shirts, industry employees were laid off, and crypto’s reputation and presence in the mainstream sadly fell off the map. Related Reading: FUD Storm: Mainstream Media Back Bashing Bitcoin the Moment Markets Move But no one entity or investor is likely hurting as much as Masayoshi Son. Reports from mainstream financial news outlets revealed Tuesday that the founder…

Bitcoin Crash Cost SoftBank Founder Masayoshi Son $130 million

It seems Masayoshi Son was one of the many who were affected by the 2018 crypto price slump as it was reported on April 23, 2019, that he lost $130 million after selling off his bitcoin after the crash. Count Your Losses While the latest crypto market slump affected the entire industry, the most commonly discussed result was that which was felt by companies. Beyond enterprises, some individuals like Steve Wozniak were able to sell their cryptocurrency at the all-time highs. Unfortunately, not everyone was as lucky. Masayoshi Son, the…

Japanese Billionaire SoftBank Founder Lost $130 Million on Bitcoin Investment

Japanese billionaire and founder of multinational conglomerate SoftBank Group, Masayoshi Son, reportedly lost over $130 million with his bitcoin (BTC) investment, the Wall Street Journal reports on April 23. Per the report, people familiar with the matter claim that Son made the investment at the recommendation of Peter Briger, the co-chairman of asset management company Fortress Investment Group. Fortress Investment reportedly bought bitcoin in 2013; when SoftBank bought Fortress in February 2017, its holdings (including crypto) were worth more than $150 million. However, Son reportedly invested in the coin when…