Conflux Network, China’s first regulatory-compliant public blockchain, has announced a new cooperation with World Mobile, the only global blockchain-based mobile network.
Following the Conflux BSIM card’s successful debut earlier this year, the two businesses will initially collaborate in four areas as part of this relationship.
1) Public Bridging
World Mobile Token (WMT) will be the first bridge outside of the Cardano ecosystem for the mobile network’s native token, bridging the Cardano blockchain to the Conflux blockchain ecosystem.
2) Tech Integration
In order to provide the Conflux network EarthNode capabilities and monetary settlement, World Mobile and Conflux will work together on its technological integration with World Mobile’s sidechain, AyA.
3) Expansion of the Asian and African Markets
The African and Asian markets are well-represented by Conflux and World Mobile, respectively. Together, the two companies will make use of these advantages to boost connection, promote user growth, and expand market penetration in important areas. In Nigeria, Conflux’s CFX is now among the top 3 most popular cryptocurrencies. This is particularly important since Nigeria accounts for about 67% of all crypto interest in Africa. Following a prosperous commercial debut in Zanzibar earlier this year, World Mobile has now finished successful field testing of its hybrid dynamic network in Nigeria.
4) Development of Blockchain-Based SIM Card
World Mobile and Conflux will work together to determine how the mobile network may use Conflux’s blockchain-based SIM card to broaden global access to digital connectivity.
YuanJie Zhang, Co-Founder of Conflux, said of the partnership:
“Conflux Network takes its mission to push the frontier of Web3 adoption at a low cost, with fast speed and decentralized security very seriously. One important strategy is to promote collaboration with telecommunication service providers all over the world. World Mobile is the next significant partner Conflux brings on board after China Telecom. Together, affordable and applicable blockchain technology is bridged beyond Asia to the rest of the world.”
Zachary Vann, Head of Token, World Mobile Token added:
“We are excited to work with Conflux to build a more connected and inclusive future. This partnership will accelerate our market expansion in Asia and to provide connectivity globally. The Conflux network has a unique, regulatory compliant blockchain, and the world’s first blockchain-based sim cards bring many opportunities to our mobile network and our AyA chain. This is our most significant partnership to expand our network and sharing economy into the Asian markets and beyond.”