Mobile payments via Blockchain: SoftBank also takes care of this
Together with two other companies, SoftBank demonstrates a proof of concept of a blockchain and transnational mobile payment system: it can be the future of money circulation.
Even the Japanese giant SoftBank is interested in the blockchain. The company, together with Synchronoss and TBCAsoft, has demonstrated an operating proof of concept that, thanks to the blockchain technology, allows users to make peer-to-peer payments using the smartphone.
In particular, the system created by the three companies would allow the public to be able to travel and spend their money in markets other than that of residence without having to go to an exchange office.
It is TBCASoft to make available for its expertise in blockchain cross-carrier systems: this translates into the possibility for users to send payments regardless of the network used.
The joint statement reads: ” The three companies have successfully completed a mobile payments service designed to allow users to make in-store, mobile and digital purchases directly from the device. For example, a Japanese mobile customer can travel to the US and make purchases in dollars using the Rich Communication Services standard supported by SoftBank and Synchronoss. ”
What does not emerge from the press release concerns, in practice, the way in which the transfer of funds takes place. In other words, it is not known, for now, if the system will provide the possibility to make payments even with cryptocurrencies or if the blockchain will be used simply as a register of transactions and these will be paid directly in fiat currency.
The system will be shown on the occasion of the Mobile World Congress Americas held this week in Los Angeles: it is likely that more details will emerge for which, if possible, we will update readers.
