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Yesterday, $SEI official Weibo said that they will pre-install Web3 apps on Xiaomi Global ( Overseas) phones, but did not specify which one.
I am still verifying this with my friends at Xiaomi to confirm if it's true. However, I have a few intuitive questions:
1. Xiaomi Overseas ( excluding China and the US ) has an average shipment volume of over 120 million units in the past two years. If all are pre-installed, with a cost of 5-10 RMB per device, the pre-installation cost would be close to $2 billion. SEI’s current circulating market cap is about $9 billion. Can they afford this expense?
2. China has repeatedly stated that it does not recognize stablecoins, and policies in other countries are also unclear. Even in overseas markets, does Xiaomi dare to take such a big risk?
3. Even if Xiaomi aims to enter the stablecoin payment market through hardware, are there other public blockchains that are more reasonable and advantageous than SEI to choose from?