Chinese Platform NEO Partners With BSN To Accelerate Crypto Adoption

The Chinese platform NEO partnered with the Blockchain Services Network in order to speed up the adoption of the technology in the People’s Republic of China, as we are reading more in the upcoming NEO news today.

Often seen as the Chinese Ethereum, the Chinese platform NEO partnered with the Chinese-backed BSN to boost the adoption. NEO will become one of the main pillars of the BSN which includes payment giants such as China Mobile, China UnionPay, and the Chinese State Information Center.  The Blockchain Services Network will open its services to dapp developers on the global scale starting August 10 as the country powers ahead with the blockchain domination goals.

In addition to NEO, the BSN network-integrated its data centers with six major decentralized blockchains including Tezos, Nervos, Ethereum, EOS, and Cosmos. It is likely that NEO will become the leader among other rival blockchains and smart contract platforms:

 “United by their shared commitment to building the smart economy of tomorrow, Neo will be supported in BSN global public city nodes and portals to help developers overcoming hurdles and challenges preventing mass adoptions.”

It also added that the users will be able to experience NEO’s integrated services on BSN’s official international website featuring better accessibility and optimized cost-efficiency as well as faster deployment. The Beijing-backed blockchain-based Services Network will support NEO with city node gateways, node deployment, and the middleware service integration. NEO’s founder Da Hongfei stated:

It’s official! United by our shared commitment towards greater #blockchain adoption and innovation #Neo and @bsnbase will work hand in hand to provide developers with:
🦾Enhanced Accessibility;
💰Optimized Cost-efficiency;
🚄Rapid Deployment. https://t.co/ubOgZvjS4I

— Neo Smart Economy (@Neo_Blockchain) July 21, 2020

 “Blockchain adoption has accelerated dramatically within the past few years, and I’m excited to realize the smart economy of the future with the support from BSN. Hand-in-hand with our partners, I am confident that we will realize mass adoption of blockchain and build the smart economy of the future.”

Yifan He, the CEO of the Beijing Red Date Technology added:

 “The move is a milestone as BSN is the first state-backed blockchain infrastructure that is reaching developer communities outside China by integrating with major public chains.”

The NEO price surged over 9% as the news broke and increased from $10.40 to a six week high of $11.36. NEO is among the many sleeping altcoins over the past two years because it never managed to get near to its highs of around $170 achieved in 2018. The prices are up this year but the altcoin didn’t manage to get its price of $16.50 back in February.