{"id":22233,"date":"2023-07-12T18:57:42","date_gmt":"2023-07-12T18:57:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/conflux-cfx-soaring-after-bank-of-china-announced-sim-card-nfc-payments\/"},"modified":"2023-07-12T18:57:42","modified_gmt":"2023-07-12T18:57:42","slug":"conflux-cfx-soaring-after-bank-of-china-announced-sim-card-nfc-payments","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/conflux-cfx-soaring-after-bank-of-china-announced-sim-card-nfc-payments\/","title":{"rendered":"Conflux (CFX) soaring after Bank of China announced SIM Card NFC payments"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<ul>\n<li>At press time, Conflux (CFX) token was trading at $0.1981, up 10% in the last 24 hours.<\/li>\n<li>Conflux Network partnered with China Telecom to develop a Blockchain-powered SIM card (BSIM) in May 2023.<\/li>\n<li>The Bank of China will start testing of SIM card-linked payments using the digital yuan.<\/li>\n<\/ul>\n<p>The Bank of China declared on July 10 that it would begin testing SIM card-linked payments using the digital Yuan on July 11. The announcement has boosted <a href=\"https:\/\/coinjournal.net\/conflux\/\">Conflux (CFX) price<\/a> seeing that <a href=\"https:\/\/coinjournal.net\/news\/china-telecom-and-conflux-network-to-pilot-blockchain-enabled-sim-card-in-hong-kong\/\">Conflux Network partnered with China Telecom<\/a> to develop a Blockchain-powered SIM card (BSIM). In May 2023, the two <a href=\"https:\/\/coinjournal.net\/news\/conflux-and-china-telecom-debut-first-on-chain-interaction-with-blockchain-sim-card\/\">unveiled their jointly developed BSIM card<\/a> at the Xuhui District West Bank Artificial Intelligence Center in Shanghai.<\/p>\n<p>The state-owned bank asserted in its statement that it is implementing this programme in conjunction with telecom behemoths China Telecom and China Unicom. With the help of the near-field communication protocol (NFC) and &ldquo;super SIM cards&rdquo; technology, the project aims to make payments possible.<\/p>\n<p>Users will essentially be able to process digital Yuan payments by making contact with designated payment terminals with their mobile phones.<\/p>\n<h2>Excitement among the Conflux community<\/h2>\n<p>The CFX community now believe the Conflux Network will have a big impact on the new SIM Card e-CNY payment system. This enthusiasm resulted in a rise in price, which increased by 10% this morning to reach a high of $0.2046.<\/p>\n<p>Prior to the announcement, the CFX token was experiencing a seven-day price decline that saw it slip from $0.197 to $0.175.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/coinjournal.net\/news\/conflux-cfx-soaring-after-bank-of-china-announced-sim-card-nfc-payments\/\">Conflux (CFX) soaring after Bank of China announced SIM Card NFC payments<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/conflux-cfx-soaring-after-bank-of-china-announced-sim-card-nfc-payments\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) At press time, Conflux (CFX) token was trading at $0.1981, up 10% in the last 24 hours. Conflux Network partnered with China Telecom to develop a Blockchain-powered SIM card (BSIM) in May 2023. The Bank of China will start testing of SIM card-linked [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":22234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22233"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22233"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22234"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}