SoftBank Develops Mobile Transfers Service with Cross-Traffic based on Blockchain and RCS

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September 12, SoftBank published an official press release, reporting on the development of mobile payment services with cross-traffic. It is reported that the system will be based on Blockchain technology.

Developed by SoftBank, PoC was announced jointly with TBCASoft, which develops and develops telecommunications networks, and Synchronoss Technologies, providing services and platforms based on cloud technologies, messaging, digital exchange and IoT.

It is reported that the proposed service will be based on the standard of global messaging (RCS). The new service will be located on the TBCASoft platform, which will ensure high communication. According to the data, the new service will allow customers to carry out peer-to-peer payments anywhere in the world and pay for purchases using their mobile devices.

The Cross-Carrier Payment Service (CCPS), developed by the largest shareholder of Uber in conjunction with TBCASoft, will expand the scope of mobile payments among global telecoms operators. Synchronoss, in turn, is a multi-channel platform provider that combines text messages (SMS), e-mail and RCS.

Vice-president Softbank Takeshi Fukuizumi said that the service being developed will give traders the opportunity to expand their business, reaching a scale that was previously available only to large retail chains and well-known brands.

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