Smartphones may be what sparks mass encryption adoption, according to InvestAnswers – How to do it
A widely followed cryptoanalyst says smartphones could bring huge waves of new users to the world of digital assets.
In a new video update, the host of InvestAnswers says simplified mobile crypto wallets could be what makes the public embrace virtual assets.
“If you can simplify your wallet, you can change the game, and that’s it [Solana co-creator Anatoly Yakovenko] comes in. The grand plan for the solution to mass adoption of crypto is a wallet integrated into a smartphone, and it could help with global financial freedom.
In fact, Anatoly said: ‘What does it look like with a billion people using crypto? What do you envision? It’s in this device, the device you use every day. Your phone must be your hardware wallet. It’s just something we’ve always felt.'”
The analyst says mobile phones already have all the capabilities necessary to support crypto wallets for the masses, including built-in security features.
“Why the phone? What’s so special about the phone? Why not just a laptop or the internet? Well, more people have phones than anything else. And also, with a wallet in the phone, it’s better, cheaper, faster. It’s also fully authenticated because there are tons of features in a smartphone that are very important…
Fingerprints and retina scans and all that kind of stuff that becomes important and critical. It will give users much more confidence with transactions and crypto going forward.”
In June, Solana Mobile, a subsidiary of Solana Labs, introduced a Web3-enabled smartphone called Saga. Around the same time, Yakovenko said the mobile phone’s goal was to make transactions and management of crypto assets “as amazing as using Apple Pay.”
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