OnePlus May Be Working on Introducing Its Cryptocurrency Wallet, Survey Suggests

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OnePlus could be the next big name in the growing market of cryptocurrencies led by Bitcoin as the Chinese company is found to be conducting a survey on blockchain research. The survey is aimed at getting user feedback on cryptocurrencies. The company is asking users if they have got used trading platforms such as Coinbase, Gemini, Robinhood, and Binance. It sort of feels to be a tip at OnePlus venturing into the cryptocurrency platform/ wallet space. Bitcoin and other digital currencies such as Ethereum and Dogecoin have transform somewhat popular among young smartphone users, particularly as a result of the easy access to cryptocurrency trading apps. This might have led OnePlus to consider a local solution for its users to no less than store cryptocurrencies — whether not invest and business.

As to begin with reported by MySmartPrice, the survey titled OnePlus Blockchain Research suggests the company’s interest in building a product around cryptocurrency. Even though the focal point of the survey from its title solely seems to be around understanding the blockchain technology, one of the vital questions to be had to its respondents tip at the development of a new cryptocurrency platform that may be a wallet to save digital assets such as Bitcoin.

The survey asks users approximately if they invest in cryptocurrencies and which platforms they use for the investment. It also includes a question on understanding problems and inconvenience investors have encountered when making an investment in or holding a cryptocurrency. Further, the company is looking for information on if the respondents have used any “software hot wallets” such as the Coinbase Wallet or MetaMask.

Gadgets 360 has reached out to OnePlus for a remark on the matter and will update this space when the company responds.

Cryptocurrency remains a very volatile investment. You would realize when you have been reading approximately or tracking Bitcoin price in India. But nonetheless, companies in tech seem to have plans to step into the cryptocurrency market.

OnePlus rival and one of the crucial leading smartphone vendors Samsung has been supporting Bitcoin and other popular cryptocurrencies on its Galaxy smartphones since the launch of the Galaxy S10 in February 2019. The South Korean company offers its Blockchain Wallet to supply beef up for the preferred coins. It also recently up to date the wallet with beef up for third-party hardware wallets.

A couple of days back, Apple was once also found to have interest in entering the cryptocurrency world. The Cupertino-based company posted an opening for a trade development manager with experience in the cryptocurrency industry. It could be to natively start supporting Bitcoin transactions through Apple devices.

That said, traditional investors still don’t prefer making an investment much in cryptocurrencies, owing to their volatility and problems like the ripple effect, which means that the drop in the cost of one also affects other cryptocurrencies.

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Cryptocurrency Prices across Indian exchanges

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Jagmeet Singh writes approximately consumer technology for Gadgets 360, out of New Delhi. Jagmeet is a senior reporter for Gadgets 360, and has steadily written approximately apps, computer security, Internet services and products, and telecom developments. Jagmeet is to be had on Twitter at @JagmeetS13 or Email at jagmeets@ndtv.com. Please send in your leads and tips.
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