Chinese SIM card hardware wallet: No need networking and power
Chinese SIM card hardware wallet: No need networking and power
Chinese SIM card hardware wallet: No need networking and power.
Bank of China announced that the functionality of a SIM card hardware wallet for digital Chinese currency has arrived.
Even without network connection or battery power, it can be used for payment.
Digital Chinese currency is a form of legal currency with properties equivalent to paper currency.
According to official information from the Bank of China, on July 11th, Bank of China, China Telecom, and China Unicom will jointly launch the SIM card hardware wallet product on the Digital Chinese currency App.
The product will soon be available for invited users to experience in selected pilot areas, and will be gradually promoted to other pilot areas in subsequent stages (currently, only Android phones with NFC functionality support the use of SIM card hardware wallets).
The SIM card hardware wallet refers to associating the digital Chinese currency software wallet with the super SIM card (5G national encryption NFC SIM card) issued by the network operator, thereby enabling the SIM card to have the functionality of digital Chinese currency payment.
Digital Chinese currency users only need to install the SIM card issued by the network operator on their phones, log in to the Digital Chinese currency App, activate the SIM card hardware wallet, and use the NFC function on the phone to complete digital Chinese currency payments by simply tapping (users need to replace or obtain a super SIM card at China Telecom or China Unicom service centers).
The digital Chinese currency SIM card hardware wallet supports offline payments. The phone can complete payments by tapping without opening payment software in various situations such as network disconnection or power outage.
The super SIM card can integrate multiple innovative applications, including digital Chinese currency, digital identity, transportation, campus services, secure messaging, access control, car keys, and charging stations. Compared to traditional SIM cards, super SIM cards provide four types of security services: secure storage, secure computation, secure connection, and secure application, and they provide a nationally trusted medium.
