Conflux Network, the first regulatory-compliant public blockchain in China, has announced a new partnership with World Mobile, the world's only blockchain-built mobile network.
🚀 Exciting news! We’re teaming up with @WorldMobileTeam, the blockchain-powered global mobile network.
— Conflux Network Official (@Conflux_Network) July 20, 2023
Our collaboration builds on the success of the #Conflux BSIM card launch. Ready to dive into the four key areas we’ll be working on together? Keep reading! 🧵 pic.twitter.com/BEXhjzPfs5
Following the successful launch of Conflux's BSIM card, the collaboration will focus on four key areas:
- Public Bridging: World Mobile Token (WMT) will bridge from the Cardano blockchain to the Conflux blockchain ecosystem, marking the first bridge outside the Cardano ecosystem for the mobile network's native token.
- Tech Integration: World Mobile and Conflux will collaborate on integrating the Conflux network into World Mobile's sidechain, AyA. This integration will bring EarthNode capabilities and financial settlement to the Conflux network.
- Asian and African Market Expansion: Conflux and World Mobile, both strong players in the Asian and African markets respectively, will leverage these strengths to increase connectivity, user acquisition, and market penetration. Particularly in Nigeria, Conflux's CFX now ranks among the top three most popular cryptocurrencies. World Mobile has also conducted successful field tests of its hybrid dynamic network in Nigeria following a commercial launch in Zanzibar.
- Blockchain-based SIM Card Development: The two companies will explore how World Mobile can leverage Conflux’s blockchain-based SIM card to expand digital connectivity worldwide.
YuanJie Zhang, Conflux's Co-Founder, highlighted the partnership's significance in extending affordable and applicable blockchain technology beyond Asia. Zachary Vann, Head of Token, World Mobile Token, emphasized that this partnership will be pivotal in expanding their network and sharing economy into the Asian markets and beyond.
About Conflux Network: Conflux Network is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. As the sole regulatory-compliant public blockchain in China, it offers unique advantages for projects building and expanding into Asia. Conflux has worked with global brands and government entities in the region on various blockchain and metaverse initiatives.
About World Mobile: World Mobile was established with the ambitious goal to connect everyone, everywhere, while promoting economic freedom and dignity. Unlike traditional mobile networks, World Mobile operates on blockchain and encourages people to be part of a sharing economy within the trillion-dollar global telecom market.
