💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Japan’s SoftBank, Synchronoss, TBCASoft Succeeded in PoC Trial for Mobile Payments Solution

Published 09/13/2018, 03:28 PM
Updated 09/13/2018, 04:41 PM
 Japan’s SoftBank, Synchronoss, TBCASoft Succeeded in PoC Trial for Mobile Payments Solution

Japan’s telecom group SoftBank, along with software company Synchronoss Technologies (SNCR) and blockchain-oriented firm TBCASoft, successfully completed a Proof of Concept (PoC) trial for a new cross-carrier mobile payments solution that relies on the Rich Communications Services (RCS) messaging protocol and TBCASoft’s cross-carrier blockchain platform. The new system enables peer-to-peer payments globally across different carriers.

The RCS-based technology is provided by Nasdaq-listed Synchronoss, which has developed in Japan a multi-channel communications platform that revolves around SMS, email, and the RCS standard. The blockchain technology was developed by TBCASoft in collaboration with Softbank, under the Carrier Blockchain Study Group (CBSG) Consortium. The two companies have built a cross-carrier blockchain system known as Cross-Carrier Payment Service (CCPS), which accelerates global mobile payments among telecom carriers.

The three entities joine...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.