At the time of writing, Conflux (CFX) has skyrocketed in value by 547.83% in seven days. Currently sitting at $0.33, CFX enjoyed a sharp increase from February 15 onwards after Conflux Network announced its partnership with China Telecom to launch Blockchain SIM cards (BSIM).
BSIM card will be designed to manage and store public and private keys, which enables the user to retrieve their keys while their information is stowed away in an encrypted storage. This will make the process of transferring and storing digital assets, as well as displaying them in various applications, a lot more convenient.
It appears that the collaborative project may be nearing its completion soon as both parties anticipated the launch of BSIMs to occur during late-2023. China Telecom announced that the project will be launched in Hong Kong, and pilot programs are expected to roll out in Shanghai and other major spots in mainland China.
This is not the only success story that Conflux Network has. In the past, the company has joined hands with regional governments and well-known international companies like Oreos China, McDonald’s China, and the city of Shanghai. These collaborations have bolstered the Conflux network’s popularity and increased usage.
