Softbank Corp Partners Firms on Blockchain P2P mobile payment PoC

SoftBank Biggest Shareholder in Uber Tests Blockchain Payment Service with TBCASoft and RCS

Commenting on the innovative payment service app, the vice president of Softbank Corp "Takeshi Fukuizumi" said that the app would empower the merchants to transact in digital money in a way similar to the one that has for always been enjoyed by the big brands.

TBCASoft and SoftBank have become partners under the Carrier Blockchain Study Group while email, SMS and RCS covering Synchronos' platform launched earlier this year. He believes that the success of the cross-carrier payment PoC can help Communication Service Providers (CSPs) use common standards like RCS to deliver "disruptive" services to their customers.

Japan-based tech company SoftBank announced the development of a new blockchain-powered cross-carrier mobile payment service in a press release published on the company's website on September 12.

SoftBank Corp is a Japanese telecom carrier firm.

Softbank explains that using a distributed network, users can send funds stored in their digital wallets in the RCS system from one carrier to another in a fashion similar to peer-to-peer transactions, a useful feature to have, especially when traveling. The CCPS blockchain API allows the user to apply an RCS-based messaging app or legacy messaging service such as email or SMS to receive money transfers through via the RCS wallet app.

Hurricane Helene has Britain in its sights
Power services could be impacted, with other services like mobile phone coverage also potentially affected. Some roads and bridges may close.

Meanwhile, Sychronoss' CEO was optimistic that RCS messaging will be the new backbone of the marketplace for merchants and brands. Leveraging the innovative technologies of other SoftBank Group companies, SoftBank Corp.is also expanding into AI, smart robotics, IoT, FinTech, cloud security and other business sectors.

Rich Communication Services (RCS) is a communication protocol between multiple mobile carriers and between the phone and carrier. To learn more, please visit www.SoftBank.jp/en/corp/group/sbm/.

Synchronoss President and CEO Glenn Lurie said the proof-of-concept demonstrated technology that was poised to disrupt the messaging and payments markets. Synchronoss' secure, scalable and groundbreaking new technologies, trusted partnerships and talented people change the way TMT customers grow their businesses. Its consortium-based blockchain platform enables telecommunication carriers to create innovative services for their subscribers under a more secure, robust, and efficient environment.

A year ago, SoftBank formed a global consortium called the Carrier Blockchain Study Group (CBSG) with TBCASoft and several global major carriers like USA -based carrier Sprint and Taiwan-based FarEasTone. TBCASoft is located in Sunnyvale, California, the center of Silicon Valley.

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