Xiaomi teams up with Sei

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w0lf404Hero Member
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#1Aug 30, 2021, 05:58 AM
So I came across this news. Honestly, I'm not sure Xiaomi has a solid reason to back this. I mean, who's really gonna use the wallet unless there are some cool incentives to go with it? Plus, they also have to tackle the whole global regulations mess. Do you guys think this collab will actually boost blockchain adoption? I have a feeling this app will just get tossed aside once people give it a try.
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pixel2014Hero Member
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#2Aug 31, 2021, 09:23 PM
There is also a phone company that Solana partners with, but yesterday it was a news about SEI and another phone company, Xiaomi. The coin's developer are looking for ways to have more adoptions. This will encourage people into thinking that wallets supposed to be on phones but which is not true because phones are vulnerable, only small amount of coins should be on a mobile wallet. Offline wallet are more secure.
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chris.deg3nFull Member
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#3Sep 1, 2021, 01:09 AM
Also look at what samsung did https://www.samsung.com/us/support/owners/app/samsung-blockchain This is for huawei to https://consumer.huawei.com/ph/community/details/topicId-131795/ Blockchain and crypto partnership is growing on phone companies, they provably take advantage the fame of crypto and try to attract people to buy their devices. But as what you have said people must think carefully upon using those phone apps since even if the companies promoting it is big they are still prone for any risk. Much better if they grab hardware wallets because they are more safer with this.
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w0lf404Hero Member
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#4Sep 1, 2021, 02:01 PM
But I doubt this wallet feature alone will boost their sales as many users don't even have a vested interest in Web3. On the contrary, similar or better wallets can be easily installed from any brand through the official app store. This is a crucial point: partnership doesn't necessarily mean collaborating on the core development of the wallet.
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byte2013Senior Member
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#5Sep 1, 2021, 06:37 PM
It seems that cellphone companies are gradually adopting cryptocurrency in their smartphone products. When it comes to adoption, this is positive news because the blockchain system itself is getting closer to what people commonly use, which are mobile phones something that's essential in this era. Now, the Xiaomi mobile brand has also added to this trend. I don’t know if the features it has will be similar to those of other cellphone companies that have adopted cryptocurrency, such as whether some of them have partnered with Coinbase, like Samsung did. Some of the phones that have partnered with cryptocurrency are listed below. source: https://vertu.com/lifestyle/top-7-web3-phone-models-2025-secure-crypto-asset-management/
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sigma07Senior Member
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#6Sep 1, 2021, 09:46 PM
That phone is Solana Saga and Solana Seeker. I think those who have purchased the phone have the airdrops that they've received and AFAIK, they've got more than how much they've paid for the phone. So, they get the phone and have their money back if ever they've sold most of the airdrops that they've received from that phone. And for this SEI and Xiaomi partnership, this is just something that's pre installed wallet on the phone which can later on be uninstalled by the users if they want to and finds it annoying or not wanting to use.
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jake365Full Member
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#7Sep 1, 2021, 11:21 PM
I would say that that's good news for SEI bag holders, but chart perfectly captures how little this means to anyone. While i am surprised that they picked up SEI for stablecoin payments (is it because of near zero tx fees?), it's nothing new to integration / preinstalled wallets with phones. Maybe this would have better success of pumping the price during the overall bull market. There's just no interest to risk more money here because i think that $SEI hasn't bottomed out yet. Far from it
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cipher_pixelSenior Member
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#8Sep 1, 2021, 11:40 PM
While collaborations like this may not show immediate results, they will increase blockchain usage over time. I checked the price, but this collaboration hasn't had much of an impact. While this partnership looks promising, they will face numerous regulations, which are far from easy. It means a lot of time, and perhaps just as much expense. At least it's good to see such steps being taken in altcoins.
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cold5tor4geSenior Member
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#9Sep 2, 2021, 04:24 AM
in the long term the impact of this collaboration will start showing this is something about such long term partnership is not like the news that the hype is going to get the market pushed to the next level, but about real adoption when the product start being in use you will start to see the reflection of that adoption on the value of the coin.
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tony69Senior Member
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#10Sep 2, 2021, 08:47 AM
No, you can't uninstall it once such app has been integrated from the company directly, the partnership is an agreement that the app can't be uninstalled but comes as in inbuilt app, that whosoever buys a Xiaomi phone shall automatically have the app in the phone. It's up to the user to use the app or not. The partnership will certainly go a long way because lot of user will certainly use the app since crypto is coming closer to the masses day by day.
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mike42Full Member
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#11Sep 3, 2021, 03:10 PM
It may not drive blockchain adoption the way you think, but we should also be honest that their actions could be the starting point for broader blockchain adoption among the normies. Not a few crypto enthusiasts come from an awareness of blockchain & it comes from something that may be unexpected. 0,00001% is always better than pure 0%, right? $SEI & Xiaomi are doing it & that's a good thing for the crypto industry in general.
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w0lf404Hero Member
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#12Sep 3, 2021, 07:19 PM
It really depends. There are pre-installed apps that can be removed or simply disabled. You can usually uninstall these types of apps through the Play Store. However, regarding the Sei wallet, this is just speculation so far. I found this article on the Xiaomi website: I don't think the wallet app is considered a system app, and deleting it wouldn't affect the phone's performance.
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leo51Senior Member
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#13Sep 5, 2021, 02:56 AM
Correct me if I am not right, this ain't the first time that crypto investors have seen similar partnerships, what happens later on? Nothing much, so all you overhyping this should calm down, it changes nothing, not today maybe in the future, the problem I have with this isn't the partnership but if SEI will be here in ten years time, many projects have failed even after giant partnerships like this.
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raven1337Hero Member
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#14Sep 5, 2021, 05:07 AM
If you mean about this partnership to drive the universal adoption to the blockchain, you're definitely wrong. If the context is driving the adoption for SEI blockchain, it may be right. As for me, this kind of partnership is just a common thing in the crypto. In my country, mostly of xiaomi users are ordinary people with almost no knowledge about currency. Based on that i think this partnership will gives nothing. It sounds get hyped, but not with the result. Don't you remember when Samsung also did the same, then the result was not like we expected. Same story, different brand. That's it.
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CyberWhaleSenior Member
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#15Sep 7, 2021, 12:30 PM
This is definitely a new kind of partnership than what we have seen in the past for crypto products. It remains to be seen if the initiative will get any traction. As someone that considered SEI blockchain to be dead, it's really good to see that it isn't and that crypto projects can actually pull off something huge like this. When I was a Xiaomi device user, there were a lot of bloatware that I didn't interact with. Hopefully it's not the same with Sei wallet for current Xiaomi users.
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SilentGuruSenior Member
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#16Sep 8, 2021, 12:50 PM
I wonder if this wallet is only limited to SEI network only? this network got nothing going on and a literal ghost town. If xiaomi were to pre install wallet that supports various networks like EVM compatible and solana i'm sure it will have userbase. People out there are sort of using imperfect solution like using mobile browser that support extension to interact with dapps. It's more of a hack than a solution honestly. There are actually market for mobile wallet, but clearly xiaomi misses the mark on this one. Nobody really use SEI.
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w0lf404Hero Member
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#17Sep 8, 2021, 05:45 PM
We do know the exposure imbalance of this partnership. If the pre-installed wallet only supports the SEI network, it's clear who stands to gain the most. After all, Xiaomi has a significant global market share. Almost all mobile wallets now support multiple networks and can access various Web3 services, just like browser extension wallets on desktop.
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#18Sep 8, 2021, 06:04 PM
In my opinion, it will still have a fairly positive impact on the Sei ecosystem. It may also slightly encourage the use of Sei coins on Sei's layer 1 blockchain, and there will be an increase in transactions on the Sei network through the native stablecoin available on the Sei network. Moreover, we know that Xiaomi is one of the most well-known mobile phone brands and is widely used among the lower-middle class. And perhaps in 2026, when Sei's crypto wallet becomes available on all smartphones launched by Xiaomi, it will spark curiosity among crypto users to try the wallet, and there may be a slight increase in transactions on the Sei network. And remember, Xiaomi is currently the third-largest smartphone manufacturer in the world. In Indonesia, I can find Xiaomi users in 5 out of 10 people I meet. This means that most of my friends also use this phone. Xiaomi itself is a manufacturer capable of selling around 168 million smartphones annually. Therefore, I believe there will still be an impact on the Sei layer 1 network. Additionally, people in Hong Kong and the European Union are reportedly able to purchase Xiaomi phones and other Xiaomi devices using stablecoins on the Sei network in the second quarter of 2026. ------------- Reference: 1. https://www.gate.com/id/blog/15255/sei-xiaomi-smartphones-preinstall-crypto-wallet-web3-adoption
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#19Sep 8, 2021, 07:56 PM
Seriously this is a huge news for crypto ! 3rd biggest phone factory (biggest in china) got involved in crypto
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