Cryptocurrency analyst leading InvestAnswers believes that mobile crypto wallets, due to their convenience, will accelerate the adoption of digital assets by society.
James Mullarney stated that the main task of developers of mobile applications for cryptocurrencies is to make wallets as convenient as possible:
“If you can simplify the wallet, then it will help the adoption of cryptocurrencies and the development of global economic freedom.”
Mullarney referred to Solana co-founder Anatoly Yakovenko’s discourse on the globalization of the digital asset market:
“What does a world look like in which a billion people use cryptocurrency? What do you imagine? This is possible thanks to the device that you use every day. The phone should be your hardware wallet. This is what we have always strived for.”
The analyst claims that mobile phones already have all the trappings needed to mass support crypto wallets, including built-in security features.
“Why phone? What’s so special about a phone? Why not just laptop or PC? Well, because most people only have phones. And with a wallet in your phone, it’s better, cheaper, faster to use cryptocurrency. The smartphone is fully authenticated and has many very important features. Such as: fingerprint identification, retinal scanning. And other protection tools. This becomes key and critical for the security of the owner of cryptocurrencies, ”said the host of InvestAnswers.
Mullarney added that a well-secured smartphone and app would give users much more confidence in crypto transactions in the future. According to the expert, the mobile phone should ultimately make transactions and cryptocurrency asset management “as easy and amazing as using Apple Pay.”
In July, the Taiwanese smartphone developer HTC, after the release of a smartphone for cryptocurrency mining, announced the release of a new “cryptophone” with support for non-fungible tokens and the metaverse.
Source: Bits
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