No crypto-adaptation without smartphones – That’s how hardware manufacturers Bitcoin & Co. can make them socially acceptable
A problem of most tokens: they are not used. At best, only for short-term speculation. That this is not a model for the crypto-adaptation and long-term price increases of individual tokens, should be clear to everyone. So the big question is: how do you get broad sections of the population excited about token applications? Why smartphones play a key role here and even TV devices can help with the crypto adaptation.
Most crypto start-ups have a problem: Hardly anyone knows them and their range is very limited. At the same time, there is a lack of customer confidence. The situation is quite different with established brands such as Samsung, whose smartphones and TV terminals use hundreds of millions of people. Accordingly positive one can therefore rate the idea of the new Samsung Galaxy S10, which comes along with several crypto features.
Exchange trust and reach for innovation
The new Samsung smartphone has an integrated storage solution for Bitcoin and Ether. In addition, the dApp Cosmochain is preinstalled, with the COSM tokens can be earned. In addition, the game token Enjin will be supported, with which one can monetize in-game content. Shortly after this information was leaked, the prices of the two unknown tokens shot up – so the plan seems to be up for now.
A crypto project that manages to be pre-installed on the hardware of well-known manufacturers can look forward to a potentially large clientele. These pre-installations help to reach users who previously had no contact with the crypto-economy. In the future, hundreds of millions of people will automatically come into contact with cryptocurrencies or dApps that work via tokens
The next step in globalization
Mobile devices have decisively contributed to our current image of globalization. In particular, people in developing countries, without access to fixed or bank accounts, were able to perform basic services for the first time. So it is now common practice for people without a bank account to handle their financial affairs via their smartphones. Just as smartphones have made a decisive contribution to globalization, they can enable crypto-economization in the future. The blockchain narrative “banking the unbanked” ultimately relies on smartphones.
Smartphones are just the beginning
Although smartphones are the key devices when it comes to a crypto adaptation in width, but not the only. Smart TVs with preinstalled dApps can also do their part. For example, there is already a crypto project called TV-TWO, which incentivizes the TV user to watch certain content or channels. The concept can be expanded to any number of other devices that are internet-enabled. Especially the Internet of Things can serve as a fire-accelerator for dApps respectively the token-economy. So it will not be long before the first dApps and Wallets are pre-installed in cars.
Although initial points of contact with dApps may often be playful in nature, a further development of blockchain technology and its applications can be expected to bring about a broader thematic adaptation. Accordingly, it can be assumed that more and more large electronics manufacturers will come up with crypto features. After Samsung’s first steps towards cryptography, it remains to be seen how competitor Apple will react.