Japanese telecom carrier SoftBank, global cloud and IoT leader Synchronoss Technologies and cross-carrier blockchain platform technology owner TBCASoft partner on a Proof of Concept (PoC) to bring a new Rich Communication Services and overseas payment services based on cross-carrier blockchain technology.
Softbank issued a press release on 12th September saying that the Proof Of Concept for P2P mobile payments across different carriers was completed.
Synchronoss recently started a secure communication channel in Japan which included email, messaging and RCS. TBCASoft and SoftBank collaborated to develop a blockchain powered Cross-Carrier Payment Service (CCPS) which allows mobile payment services across global telecommunication carriers.
This service allows in-store, mobile as well as digital payment through a smart device. A customer can travel overseas and make payment for purchases in the country currency rather than the user’s native country’s currency. The CCPS API enables to receive messages and emails from an RCS based app, provide secure Person-to-Person payments (P2P) and use RCS wallets for overseas as well as same country payment.
Commenting on the new service, VC of SoftBank Takeshi Fukuizumi said that their service provides flexibility to suit the customer’s payment needs as well as makes use of the latest technology to make their services future ready. In the same link, CEO of Sychronoss said that the use of RCS and blockchain to design new services put current messaging and payment services on the backseat, creating opportunities for fresh ideas, brands, and businesses to sprout. With increasing numbers of Communication Service Providers turning towards blockchain technology, CCPS is ideally positioned to take a lead.
Image Source: Flickr
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…
Did you know that 85% of DeFi value is concentrated in six blockchains? DeFi is…
CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…
Join us at BFC 2024 to explore the future of Web3. Use a special discount…
Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…