- At press time, the Conflux (CFX) token was buying and selling at $0.1981, up 10% over the previous 24 hours.
- Conflux Community Collaborates with China Telecom to Develop Blockchain Managed SIM Card (BSIM) in 2023
- Financial institution of China to start testing SIM-linked digital yuan funds.
July 10 The Financial institution of China introduced that on July 11 will start testing SIM-linked funds utilizing digital yuan. The announcement boosted the value of Conflux (CFX) as Conflux Community companions with China Telecom to develop a Blockchain-powered SIM card. card (BSIM). in 2023 in Could, the 2 launched their collectively developed BSIM card on the West Financial institution Synthetic Intelligence Heart in Xuhui District, Shanghai.
The state-owned financial institution claimed in an announcement that it’s implementing this system along with telecom giants China Telecom and China Unicom. Utilizing Close to Area Communication Protocol (NFC) and “tremendous SIM” expertise, the venture goals to allow funds.
Customers will mainly be capable of course of digital yuan funds by contacting specified fee terminals with their cellphones.
Pleasure among the many Conflux group
The CFX group now believes that the Conflux Community can have a big influence on the brand new e-CNY SIM fee system. This enthusiasm led to a rally within the worth, which rose 10% this morning to a excessive of $0.2046.
Previous to the announcement, the value of the CFX token skilled a seven-day decline, dropping from $0.197 to $0.175.
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