Crypto and blockchain technologies are relatively new. Thus, they keep developing and changing frequently. With the hype surrounding the crypto space, smartphone manufacturers are not left behind. They have started to gain significant interest in blockchain technologies. Also, they are investing in various cryptocurrencies like Bitcoin and Ethereum.
Manufacturers like Sony, Apple, Samsung, HTC, and Huawei have all been linked with major blockchain developments. Some of these developments that could propel huge levels of crypto adoption within their flagship products are scheduled for launch in the next several years.
Smartphones are great since they have managed to penetrate almost every corner of the world. Many people now own these devices and most find it challenging to live without them. The devices currently support FIAT payments using the NFC technology combined with mobile banking apps. Hence, there is a need for crypto inclusion in smartphones as adoption grows for virtual currencies.
It is expected that in the next two years, major smartphones will have crypto wallets, like the new Samsung Galaxy. More devices will also have facilities to invest, transfer, and make cryptocurrency payments using crypto-based applications. Additionally, since smartphones are small and very powerful computers, there must be huge implications for crypto mining.
Smartphones are considered as a future avenue for the facilitation of other blockchain-based computations. Whilst there is definite clarity for this need, the technology does exist and it is most likely to be adopted in the years to come.
What does the future hold?
Many questions now arise about what the future holds for cryptocurrencies. What is expected is that not many people will buy smartphones simply because they have a built-in crypto wallet. Most people still buy based on camera strengths and battery life. The existence of the wallet and probability nonetheless communicates with human anxiety and eagerness to learn new things.
Mainstream crypto adoption will have a lot to be grateful for in the future with the help of smartphones. These devices will make virtual tokens available to all people helping them break into the mainstream financial world. It is expected that cryptos will follow the way of social media using smartphones.
Several major smartphones could play integral roles in marketing cryptocurrencies which would kick off a crypto revolution. The phones can enable everyone to make crypto payments online and offline in brick and mortar stores. They will use applications and technologies integrated into their mobile phones.
With major smartphone makers like Samsung already working on such products, it might not be too long before almost all smartphone makers start exploring this technology. Therefore, in the next few years, most smartphone users will want to buy cryptocurrencies.