• On the time of writing, the Conflux (CFX) token is buying and selling at $0.1981, up 10% over the previous 24 hours.
• Conflux Community has partnered with China Telecom to develop a blockchain-powered SIM card (BSIM) in Could 2023.
• Financial institution of China will start experimenting with SIM card-linked funds utilizing the digital yuan.

Financial institution of China introduced on July 10 that it’ll start testing SIM card-linked funds utilizing the digital yuan on July 11. The announcement boosted the value of Conflux (CFX) in mild of Conflux Community’s partnership with China Telecom to develop a blockchain-powered SIM. card (BSIM). In Could 2023, the 2 sides introduced a collectively developed BSIM card on the West Financial institution Synthetic Intelligence Heart in Xuhui District, Shanghai.

In an announcement, the state-owned financial institution stated it was implementing this system in cooperation with telecom giants China Telecom and China Unicom. The challenge goals to allow funds with the assistance of Close to Discipline Communication Protocol (NFC) and “Tremendous SIM Card” expertise.

Customers will mainly have the ability to course of digital yuan funds by contacting designated fee terminals on their cell phones.

The thrill of the Conflux group

The CFX group now believes that the Conflux Community could have a significant impression on the brand new SIM card e-CNY fee system. This enthusiasm drove the value greater, reaching a excessive of $0.2046 this morning, up 10%.

Previous to the announcement, the CFX token skilled a seven-day worth decline, dropping from $0.197 to $0.175.

Publish-Conflux (CFX), which surged after Financial institution of China introduced SIM card NFC funds, first appeared on CoinJournal.

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