OnePlus could be the next big name in the growing cryptocurrency market to be led by Bitcoin as the Chinese company conducts a survey on blockchain research. The survey aims to get user feedback on cryptocurrencies. The company asks users if they have used trading platforms like Coinbase, Gemini, Robinhood and Binance. It seems to be an indication that OnePlus is venturing into the cryptocurrency platform / wallet realm. Bitcoin and other digital currencies like Ethereum and Dogecoin have become hugely popular with young smartphone users, especially because of their easy access to cryptocurrency trading apps. This could have led OnePlus to think about a native solution for its users to at least store – if not invest and trade – cryptocurrencies.
As originally reported by MySmartPrice, the survey titled OnePlus Blockchain Research indicates the company’s interest in developing a cryptocurrency product. Although the survey from the title seems to focus solely on understanding blockchain technology, some of the questions provided to respondents point to the development of a new cryptocurrency platform that could be a wallet for storing digital assets like bitcoin.
The survey asks users whether they invest in cryptocurrencies and which platforms they use for the investment. It also includes a question for understanding the problems and inconveniences investors have encountered while investing in or holding a cryptocurrency. In addition, the company is looking for information on whether the respondents used “software hot wallets” such as the Coinbase wallet or the MetaMask.
Gadgets 360 has contacted OnePlus for a comment on this matter and will update this section if the company replies.
Cryptocurrency remains a very volatile investment. You would know if you have read or followed the price of bitcoin in India. Even so, tech companies seem to have plans to enter the cryptocurrency market.
OnePlus rival and one of the leading smartphone providers 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 support the popular coins. It also recently updated the wallet with support for third-party hardware wallets.
A few days ago it was also discovered that Apple was interested in entering the world of cryptocurrencies. The Cupertino-based company has advertised a position for a business development manager with experience in the cryptocurrency industry. It could be to natively support Bitcoin transactions through Apple devices.
However, due to their volatility and issues like the ripple effect, traditional investors still don’t prefer to invest much in cryptocurrencies, which means that the fall in the price of one cryptocurrency affects other cryptocurrencies as well.
Cryptocurrency prices on Indian exchanges
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