- CryptoYunqi analyst announced the start of sales of BSIM from China Telecom.
- This is a SIM card with access to the blockchain and a built-in cold wallet.
- Connection will cost $5.5 per month.
An industry expert going by the name CryptoYunqi has revealed that Chinese mobile operator China Telecom has officially launched the sale of their blockchain-enabled SIM cards, known as BSIM. This exciting project is a collaboration between China Telecom and developers from the Conflux Network. The news comes amidst growing anticipation and speculation about the introduction of these innovative SIM cards, which were first rumored to be in development in early 2023.
The primary objective of the BSIM project, as stated by the developers, is to make Web3 solutions more accessible to the general public, thereby simplifying their engagement with blockchain technology. Notably, these advanced SIM cards come equipped with a remarkable feature; they can securely store private keys and crypto assets using a built-in cold wallet. The infrastructure for this functionality has been developed by the talented team at Conflux Network.
CryptoYunqi has further disclosed that users will have to pay a monthly fee of $5.5 to avail of the BSIM card. Along with this, they will also enjoy the benefits of 70GB of internet data and 500 minutes for calls. It is important to note that as of now, neither China Telecom nor Conflux Network has made an official statement regarding the commencement of sales for BSIM cards.
News of the release of BSIM cards has made waves in the market, with the Conflux (CFX) token experiencing a surge of over 9% in value. At the time of writing, CFX is trading at $0.2 on the TradingView platform, as evidenced by trading data. This significant price movement underlines the excitement and anticipation surrounding the BSIM project and its potential impact on the market.
The commencement of sales for BSIM cards is expected to facilitate a broader adoption of blockchain technology and empower everyday users to explore the benefits of Web3 solutions. As the market eagerly awaits further official updates on the project, the future of blockchain-enabled SIM cards holds much promise and potential.