Cryptocurrencies, we see them as codes on the screen, invisible coins to buy and sell, yet something unusual is happening: the crypto world is becoming hardware and the target is our pockets.
In recent months the so-called Crypto Phones are going from being an experiment for a few nerds to a millionaire business. But what do these Crypto Phones do?
Today if you want to manage crypto or DeFi apps on a smartphone, you have to deal with vulnerable security (linked to the digital wallet keys) and with app store limits on apps where they ask for 30% commissions to be downloaded from their digital stores.
Crypto Phones solve just this:
Private keys, meanwhile, never touch the operating system, but live in an ultra-secure isolated chip, unlockable only with a fingerprint or face.
The app store has no intermediaries, so it is a free virtual store where developers can publish their DeFi apps without censorship or fees.
Ultimately, the phone becomes a digital identity that rewards the user with tokens and rewards simply for using the network.
Which Big Techs are investing on this?
We move on to Solana with its Solana Seeker which was a sales and pre-order success thanks to its integrated hardware safe and the various airdrops and exclusive benefits that repaid part of the cost.
It follows Samsung, which has “silently” integrated Knox Vault and Blockchain Keystore into its top-of-the-line models, making their smartphones ultra-secure Web3-ready hardware.
HTC and others have also introduced DePin, which allows you to share some of your internet bandwidth or unused memory in the background, in exchange for small daily rewards.
In conclusion, Crypto Phones are the first concrete step towards a future in which the management of our money and our personal data will no longer depend on banks and intermediaries, but on a small secure chip kept directly in our pockets.
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