First Mover Asia: Blockchain-Enabled SIM Card for Crypto Investors Fuels Conflux Growth; Bitcoin Holds Near $27.3K After Fed Decision

These are set to be built in partnership with China Telecom, the second-largest wireless carrier in China with an estimated 390 million subscribers, as CoinDesk has reported. China Telecom will launch the first BSIM pilot program in Hong Kong later this year, Conflux Network said at the time. This will likely be followed by pilots in key mainland China locations such as Shanghai. The BSIM card will manage and store the user’s public and private keys in the card and carry out digital signatures in a way that the private key does not exit the card. Users who switch to a BSIM card will be able to store digital assets safely, transfer their digital assets conveniently and display their assets in a variety of applications. CoinDesk spoke with Ming Wu, Conflux’s chief technology officer, to understand more about the BSIM, Conflux’s future plans, how the card is different than a crypto wallet and the disadvantages of using BSIM.