Bitcoin Cash

Future

David

when

Chainlink

U.K. telecommunications giant Vodafone is looking to embed crypto wallets directly into mobile phone SIM cards.&nbsp;
David Palmer, the chief product officer (CPO) of Pairpoint by Vodafone, expounded on this move in an <a href="https://finance.yahoo.com/news/vodafone-sim-card-crypto-wallets-smart-phones-092622449.html" target="_blank" rel="noopener noreferrer nofollow">interview</a> with Yahoo Finance Future Focus.
Palmer shed light on the company’s plans to propel blockchain adoption in managing crypto transactions on mobile devices.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Vodafone is trying to turn your phone’s SIM card into a crypto wallet <a href="https://t.co/CTF2Q1hlWK" target="_blank" rel="noopener noreferrer nofollow">https://t.co/CTF2Q1hlWK</a>— Yahoo Finance UK (@YahooFinanceUK) <a href="https://twitter.com/YahooFinanceUK/status/1786328656618406063?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 3, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Palmer explained that Vodafone remains focused on linking SIM cards to crypto wallets. The goal is to utilize the cryptographic capabilities present in SIM cards for seamless blockchain integration.&nbsp;
The Pairpoint CPO elaborated on how the Vodafone subsidiary is driving the advancement of <a href="https://crypto.news/tag/web3/" target="_blank" rel="noopener noreferrer nofollow">web3</a> and internet of things (IoT) services by leveraging SIM card technology for blockchain-based digital wallets on mobile devices.&nbsp;
You might also like: <a href="https://crypto.news/coinbase-slapped-class-action-lawsuit-san-francisco/" rel="noopener noreferrer nofollow"> Coinbase slapped with class-action lawsuit </a>
He also expressed his belief that by 2030, there would be approximately 5.6 billion blockchain-based digital wallets, serving as gateways to financial services.&nbsp;
Palmer also estimated that around eight billion cell phones would be in use globally by the same year, meaning at least 70% of the world’s population would have access to the technology.
His revelations come only months after reports emerged that Vodafone had entered into a 10-year strategic partnership with Microsoft to provide generative <a href="https://crypto.news/tag/AI/" target="_blank" rel="noopener noreferrer nofollow">artificial intelligence</a> (AI) services to its customers.
Furthermore, the telecommunications giant had previously shown its interest in web3 and blockchain technology when Pairpoint, then known as Digital Asset Broker (DAB), <a href="https://crypto.news/vodafone-partners-with-chainlink-to-enhance-global-trade-ecosystem/" target="_blank" rel="noopener noreferrer nofollow">unveiled</a> a proof of concept in collaboration with Sumitomo Corporation and Chainlink Labs.
The proof of concept was aimed at streamlining the exchange of trade documents across disparate platforms and blockchains, addressing the inefficiencies plaguing the global trade ecosystem, which is worth an estimated $32 trillion.
It underscored the capability of seamlessly exchanging pivotal trade documents across several platforms and blockchains, a process often stymied by fragmented and incompatible systems.&nbsp;
Read more: <a href="https://crypto.news/cardano-charles-hoskinson-partnership-with-btc-cash/" rel="noopener noreferrer nofollow"> Cardano’s Charles Hoskinson mulls partnership with Bitcoin Cash </a>

Vodafone to embed crypto wallets in SIM cards to drive blockchain adoption on mobile devices

crypto.news

Altri articoli pubblicati su 6 mag 2024

Robinhood Receives Wells Notice From SEC Over Crypto Business

DWF Labs Dumps This Altcoin on Bybit: A Deep Dive into the Crypto Market Impact (Coin Name, Symbol)

BlockDAG Outperforms XRP and TRON with $100M Liquidity Boost: A New Era in Crypto Market (XRP, TRX)

Over 82 Million Shiba Inu (SHIB) Tokens Burned in Past 24 Hours: Price Impact

FTX’s Pre-Deadline $8.3 Million Crypto Transfers Raise Eyebrows: Here’s the Truth

Robinhood Investors Can Now Buy Bonk, Pepe And 100s Of Meme Coins Via The Uniswap App

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!