Fun

Vodafone looks to integrate crypto wallets with sim cards

News Feed - 2024-05-05 01:05:34

Tristan Greene7 hours agoVodafone looks to integrate crypto wallets with sim cardsThe telecom company is reportedly seeking $1.8 billion in loans amid a plan to raise a total of $2.9 billion in debt3116 Total views26 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksVodafone, a United Kingdom-based telecommunications provider, hopes to bring blockchain technology to smartphone users by integrating cryptocurrency wallets with subscriber identity module (SIM) cards. 


The ambitious move comes amid a company finance plan that reportedly involves Vodafone Idea Ltd., a separate entity operating in India that Vodafone Group carries a 45% stake in, taking on nearly $3 billion in debt including $1.8 billion in loans over the next two years.


In a recent interview with Yahoo Finance Future Focus, Vodafone Blockchain Lead David Palmer discussed the company’s plans to integrate blockchain technology into smartphone sim cards:“By 2030 we’re expecting more than 20 billion mobile phones to be in operation, many of those being smartphones. … So we’ve focused on linking the sim card to digital identity, linking the sim card to blockchains, and using the cryptography we have in those sim cards for that integration.”


Palmer elaborated on the figures he presented, stating that he expected there to be some eight billion smartphones in use by 2030 and predicting a surge in crypto wallets to 5.6 billion in the same time frame — enough to account for nearly 70 percent of all people on Earth.


Despite the financial wrangling occurring with India-based Vodafone Idea Ltd, which recently sold off $2.2 billion worth of shares ahead of a debt raising plan worth a reported $3 billion, Vodafone Group has had a busy 2024.


As Cointelegraph recently reported, the company entered into a 10-year strategic partnership with Microsoft to bring generative artificial intelligence (AI) services to Vodafone’s customers.


Upon announcing the deal, Microsoft CEO Satya Nadella took the opportunity to hawk the disruptive nature of his company’s AI technologies declaring that the “new generation of AI will unlock massive new opportunities for every organization and every industry around the world.”


This isn’t the first time a company’s worked to combine cell phone technology with blockchain hardware. Back in 2019, U.S. startup VaultTel announced its ambitions to create a physical wallet that could be slotted into a smartphone"s SIM slot.


Related:Vodafone auctions world’s first SMS "Merry Christmas" as NFT for charity# Blockchain# Cryptocurrencies# Business# Wallet# SIM Card# India# Hardware Wallet# United Kingdom# AI# Mobile Wallet# Smartphone# VodafoneAdd reaction

News Feed

Turner Wright5 hours agoHurricane Idalia delays Ron DeSantis’ reported plans to accept crypto campaign donationsThe storm hit Florida first in the continental U.S., which may have stopped Ron DeSantis from joining Vive
Charlie Munger Urges US Government to Ban Crypto Like China Has Done
Charlie Munger Urges US Government to Ban Crypto Like China Has Done Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has urged t
Decentralised Metaverse Socialfi Platform Boom Enables NFT Display in Its App
Decentralised Metaverse Socialfi Platform Boom Enables NFT Display in Its App sponsored While the latest news and information about cryptocurrency & NFT projects are better known th
FreeTON Unveils TON Swap 2.0
FreeTON Unveils TON Swap 2.0 sponsored Broxus, a leading developer of the FreeTON project, has unveiled the second version of their FreeTON DEX, TON Swap. The upd
Bitcoin trader sees 2 months to all-time high as China cuts key rates
William Suberg10 hours agoBitcoin trader sees 2 months to all-time high as China cuts key ratesBitcoin adds a Chinese rate cut to its existing bag of bullish BTC price events as bulls stare down final resistance.5511 Tot
2 Mirrored, Copycat Bored Ape NFT Projects Cause Copyright Infringement Controversy
2 Mirrored, Copycat Bored Ape NFT Projects Cause Copyright Infringement Controversy In the midst of the hype surrounding the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) co
Bitcoin fees top Ethereum for 3 days in a row as halving approaches
Brayden Lindrea8 hours agoBitcoin fees top Ethereum for 3 days in a row as halving approachesTransaction fees will play an important role in keeping Bitcoin miners afloat after the halving as the subsidy for mining a blo
Could Cardano Be The Next Big Crypto Winner? Analyst Points To $2 Target
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
BNB Breaks Below $605 As Bullish Momentum Fades – What’s Next?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin Forms 4-Year Inverse H&S Pattern – Neckline Break Could Send It Parabolic
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Consensys Aims for $3 Billion Valuation in Upcoming Funding Round
Consensys Aims for $3 Billion Valuation in Upcoming Funding Round Consensys, the Ethereum-based software boutique, is aiming to get a valuation that could reach $3 billion dollars
Eight Countries That Don’t Tax Your Bitcoin Gains
Eight Countries That Don"t Tax Your Bitcoin GainsAs world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more f