In October, the Japanese financial giant SBI Holdings will launch a token called "S Coin" in a test mode. The coin will be available for mobile payments, CCN reports.
Orb and Glory Corporation will act as partners of the holding. SBI employees are the first to test the token when calculating in corporate restaurants. The authors of the project believe that this will allow to study the possibilities of blocking technology for non-cash transfers and to study the details of the process.
During the test, SBI will introduce ATM technology from Glory to the S Coin platform. Latter, credit cards and coin wallets will be integrated.
The developers promise that the solution will allow to carry out transactions with fast conversion of the currency into tokens. Also, the S Coin platform will allow users to produce their own digital coins.
In turn, the provider Orb will provide blockchain based solutions for payment transactions.