Conflux Network and World Mobile Announce Partnership to Expand Blockchain Connectivity

Conflux Network and World Mobile Announce Partnership to Expand Blockchain Connectivity

Conflux Network, the pioneering regulatory-compliant public blockchain platform in China, has announced an exciting new collaboration with World Mobile, the world’s first global mobile network built on blockchain technology.

This strategic partnership comes hot on the heels of the successful launch of Conflux’s BSIM card earlier this year and is set to encompass a range of collaborative initiatives across four key areas:

Public Bridging

In a significant move, World Mobile Token (WMT) will be bridged from the Cardano blockchain into the Conflux blockchain ecosystem. Notably, this will be the first bridge outside the Cardano ecosystem for World Mobile’s native token, adding a new dimension to the mobile network’s capabilities.

Tech Integration

World Mobile and Conflux will be working hand-in-hand to integrate the Conflux network into World Mobile’s sidechain, AyA. Through this integration, the Conflux network will gain access to EarthNode capabilities and financial settlement features, further enhancing its functionality and utility.

Asian and African Market Expansion

With both Conflux and World Mobile already enjoying robust presence and influence in the Asian and African markets, this collaboration aims to leverage their respective strengths to boost connectivity, drive user acquisition, and facilitate deeper market penetration in key regions. A notable achievement for Conflux is its CFX token ranking among the top three most popular cryptocurrencies in Nigeria, a market where crypto interest accounts for a substantial 67% of the African continent. World Mobile, on the other hand, has recently successfully conducted field tests of its hybrid dynamic network in Nigeria and completed a prosperous commercial launch in Zanzibar earlier this year.

Blockchain-based SIM Card Development

As part of this collaboration, World Mobile and Conflux will be joining forces to explore and develop the full potential of Conflux’s blockchain-based SIM card technology. By leveraging this cutting-edge solution, the mobile network aims to enhance digital connectivity and access worldwide.

YuanJie Zhang, Co-Founder of Conflux, expressed the significance of this partnership, stating, “Conflux Network takes its mission to drive the adoption of Web3 technology seriously, emphasizing low costs, fast speeds, and decentralized security. One pivotal strategy is fostering collaborations with telecommunication service providers worldwide. World Mobile represents a substantial partnership for Conflux, following China Telecom. Together, we bridge affordable and applicable blockchain technology beyond Asia, reaching out to the rest of the world.”

Zachary Vann, Head of Token at World Mobile, shared his enthusiasm for this venture, saying, “We are thrilled to collaborate with Conflux to create a more connected and inclusive future. This partnership will accelerate our market expansion in Asia and enable global connectivity. The Conflux network, with its unique regulatory-compliant blockchain, and the world’s first blockchain-based SIM cards, present numerous opportunities for our mobile network and AyA chain. This partnership is our most significant step yet in expanding our network and sharing economy across Asian markets and beyond.”

About Conflux

Conflux Network represents a permissionless Layer 1 blockchain that facilitates decentralized economies worldwide, breaking through borders and protocols. Recently transitioning to a hybrid PoW/PoS consensus mechanism, Conflux offers a rapid, secure, and scalable blockchain environment, boasting zero congestion, low fees, and heightened network security. Additionally, as the only regulatory-compliant public blockchain in China, Conflux provides a distinct advantage for projects looking to establish and expand their presence in Asia. The platform has already collaborated with prominent global brands and government entities in the region, embarking on groundbreaking blockchain and metaverse initiatives, including partnerships with the city of Shanghai, McDonald’s China, and Oreo.

Learn more: https://confluxnetwork.org/

About World Mobile

Founded with an ambitious vision of connecting everyone, everywhere while advocating for economic freedom and dignity, World Mobile is a trailblazing mobile network that operates on blockchain technology. Its unique approach incentivizes individuals and business owners across the globe to participate in a sharing economy that taps into the trillion-dollar global telecom market. Through operating nodes on its network, users can bring their communities online and generate revenue in the process.