Can Solana Bring 1 Billion More Users to Crypto Space?

Can Solana Bring 1 Billion More Users to Crypto Space?

Anatoly Yakovenko, a co-founder of Solana Labs, said that the new smartphone from the tech company seeks to attract a ton of new consumers to the cryptocurrency space.

Yakovenko claims that Saga, a new Android-based Web 3.0-enabled smartphone from Solana Labs, wants to make dealing with and maintaining digital assets “as amazing as using Apple Pay” in a recent interview posted on the Bankless YouTube channel.

“The goal for this product is to build an awesome experience for signing for self custody for those integrations between native applications and digital items, NFTs (non-fungible tokens), and all that stuff you want to do with Web 3.0, just make it as amazing as using Apple Pay.

Every time I use Apple Pay, I don’t [have] to enter another credit card ever again. I’m like ‘this doesn’t suck,’ [and] I want the same experience for crypto.”

According to Yakovenko, the majority of people in Europe use Android smartphones as their main computers, and by using Saga to get into that market, over a billion more individuals might become involved in the cryptocurrency space.

“Innovation is what I hope will bring product market [fit] to those billion users, you need devs to throw darts at the ball, at the target right, now they’ve all been doing this on desktop mobile…

Outside of the US, in Europe, most people just have a phone as their primary computer, actually most of them an Android phone.”

The smartphone was initially announced by Solana Labs in late June with the expectation that it would cost $1,000.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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