Chutianlong: Plans to provide a cross-border settlement solution combining stablecoins and SIM cards for partner banks

ChainCatcher news, according to Zhitong Finance, Chutianlong held an online investor communication meeting on July 21. An institutional investor asked: What progress has the company made in the digital currency business in the first half of this year? Chutianlong replied that, first, the company's system development business related to digital currency has grown rapidly, and some system platforms have been delivered for operation by a certain bank; second, the company continues to consolidate its market position in advantageous areas such as digital currency hardware wallets and issuance and acceptance terminals; third, the company is jointly promoting cooperation in the field of cross-border payments with excellent partners.

In addition, the company is seizing industry opportunities brought by the legalization of virtual asset trading in Hong Kong, planning to build an eSIM management platform for operators and providing cross-border settlement solutions that combine stablecoins and SIM cards for partner banks. As of now, the company's digital currency business revenue has seen certain growth compared to previous years, but it still accounts for a relatively low proportion of the company's total revenue.