News From China Moves This Altcoin Into Action! Price Risen!

Known as the MATIC of China Conflux native token of the blockchain CFX today it separated positively from the market and started to rise.

Behind this rise, China’s second largest telecom provider, China Telecom and Conflux Network’s partnership news took place.

In fact, it has partnered with China Telecom with Conflux Network in mid-February and within this partnership blockchain-enabled SIM cards (BSIM) was to be developed.

Now, blockchain-enabled SIM cards, which are stated to be released in February, have been introduced and CFX‘s on the rise.

At the launch of the BSIM card Conflux Network’s CTO and Co-Founder Dr. Wu Ming made the following statements:

“From now on, all mobile communication users can achieve a more secure digital identity through mobile terminals and access Web3 and Metaverse with minimal technical barriers.

Blockchain technology has gone beyond its reputation as a complex and inaccessible concept to become a truly practical infrastructure for applications in the global economy and people’s daily lives.”

It was stated that the BSIM card, which was introduced at its launch in Shanghai, will undergo pilot tests in Hong Kong before being rolled out in mainland China and overseas markets.

With an increase of over 2,000% since the beginning of 2023 CFXIt is currently at $0.31 08, up 1.300%.

After the launch of the new BSIM cards, CFX, which increased by 15% to $ 0.33, could not maintain this level.

What is Blockchain SIM?

The BSIM card is a world first, a mobile user ID card based on blockchain technology.

It is stated that the BSIM card, which has almost the same appearance as traditional SIM cards, will be compatible with mobile systems such as Android and iOS.

In addition, BSIM has 10-20 times more storage space and several dozen times more computing power than traditional SIM cards.

*Not investment advice.