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- OnePlus recently took an online survey to understand the problems faced by its community who engage in cryptocurrency trading, holding, investing, or mining
- Smartphone manufacturer indicates the application of blockchain technology to foster a safer and efficient space for crypto mining
- OnePlus is the first smartphone manufacturer that hopes to create a trusted crypto wallet as it extracts opinion and data on mining from its users
The adoption of cryptocurrency has been expanding at a fast-moving pace. Various companies are constantly trying to incorporate technologies like blockchain to enter this cryptocurrency ecosystem. Smartphone company, OnePlus, is supposedly planning to launch a crypto wallet that uses blockchain concepts to create a smooth mining process that is accessible by more people. The Chinese company rolled out a survey form to get a better understanding of the user experience in the famous crypto market.
OnePlus market research drops hints of developing a crypto wallet
The survey conducted by OnePlus for its community focused on key crypto areas like blockchain, wallet, and mining. The occurrence of such a review could only mean one thing, that the company intends to jump into the ongoing tech race. The market research started off by asking questions about previous investments and the demographic details of the user. It questioned the people’s perception of cryptocurrency and its security. Questions related to NFT were also added in the survey. To conclude the objective of the survey conducted OnePlus clearly wants to understand what its users, who have invested in cryptocurrency before, think about it.
Survey may seem to solve ongoing user problems
The purpose of the survey has been interpreted as the introduction of a new wallet. As the review collected an examined array of information about the past user experience, it may develop something that solves the ongoing problems regarding the security of the investors. Cryptocurrency is still not officially legalized by many countries, hence, making unprotected investors prone to different kinds of scams. OnePlus also intends to embrace the blockchain system in order to open markets for safe and secure cryptocurrency mining.
First smartphone company to enter wallet market
India is the biggest market for the OnePlus company, and the country is also a potentially booming market for cryptocurrency. To make the best use of both these factors, the smartphone company seems to want to expand its scale of operations and explore markets that look promising in the future. The crypto market has only started to emerge as a growing industry. The creation of a crypto wallet could also act as a first mover’s advantage for OnePlus because of the lack of adoption of such technology by other organizations.
The smartphone company is based in China and the team hired to create the wallet is also allegedly from China. This makes the wallet validation precarious because of the volatile crackdown of cryptocurrency in China. The conversion of this interpretation into reality is yet to be confirmed.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
