Vodafone Plans To Use SIM Card Tech For Blockchain-based Digital Wallets

• David Palmer underscored the importance of leveraging SIM card technology for blockchain integration.
• Existing Reports show that 8 billion mobile devices will be in use by 2030.
• Digital wallets on mobile phones will surge to 5.6 billion by 2030.

Vodafone Blockchain Lead and PairPoint CPO David Palmer has emphasized the pivotal role of mobile phones as the primary gateway to digital applications and commerce. In a recent interview, Palmer underscored the importance of leveraging SIM card technology for blockchain integration.

Vodafone is trying to turn your phone’s SIM card into a crypto wallet https://t.co/CTF2Q1hlWK

— Yahoo Finance UK (@YahooFinanceUK) May 3, 2024

Discussing with Brian McGleenon, a renowned finance journalist, Palmer highlighted the sheer scale of mobile phone usage, citing a report predicting that 8 billion devices will be in use by 2030. He forecasted a mass adoption of blockchain-based digital wallets on mobile phones, predicting a surge to 5.6 billion wallets by 2030.

According to Palmer, the mobile phone is the touchpoint between people and accessing applications and doing business. With SIM cards as the soul of mobile phones, Palmer…

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