SBI Holdings, Orb, and Glory Corporation announced they would test the new S Coin blockchain platform for smartphone transactions. SBI is a Japanese financial services group which began as SoftBank Investment but ceased being a SoftBank subsidiary in 2005. The group first announced plans for using S Coin as a settlement coin a year ago.
The experiment will involve employees using S Coin at various bars and restaurants in the complex where SBI is headquartered. Staff will pay exclusively using their smartphones.
Glory has installed a machine which allows users to top up their S Coin e-wallet using their credit card. The terminal also offers various products.
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