Smartphones will be the main reason for the mass adoption of cryptocurrencies

Simplified mobile cryptocurrency wallets can become an incentive for society to be more loyal to digital assets, according to Anatoliy Yakovenko, co-founder and CEO of Solana.

«A key solution for the mass adoption of cryptocurrencies is a wallet integrated into a smartphone. It can help global economic freedom,» the developer believes.

Solana’s CEO noted that all modern smartphones already have the attributes necessary to support crypto wallets, including built-in cybersecurity features:

«Why a phone? What’s so special about a phone? Why not just a laptop? The vast majority of people have smartphones, not everyone has other gadgets. And with a wallet in the phone, it’s better, cheaper, faster. It is also fully „customized“ to its owner, as a smartphone has a lot of features that are very important to the user. These include fingerprints and retinal scanning. Such protection will give users much more confidence in both transactions and cryptocurrencies.»

In June, Solana Mobile, a subsidiary of Solana Labs, introduced a Web3-enabled smartphone called Saga. Around the same time, Yakovenko said that the goal of the mobile phone was to make transactions and crypto asset management «as great as using Apple Pay.»

We would like to remind you that the Solana blockchain was recognized as one of the most promising. Cryptocurrency expert and former Goldman Sachs executive Raul Pel believes that Solana (SOL) can significantly outperform all other altcoins after the crypto downturn. At the time of writing, the value of the SOL token is $ 32.65, and the market capitalization is $ 11.661 billion.