SEI’s Game-Changing Xiaomi Deal: On-Chain Finance Hits Global Smartphones
SEI just landed the whale of partnerships. The blockchain platform secured a major deal with smartphone giant Xiaomi, embedding on-chain financial services directly into millions of devices worldwide.
From Wallet to World
Forget downloading another app. SEI's integration means crypto wallets, DeFi access, and tokenized assets come pre-loaded on new Xiaomi phones. It's a direct pipeline to the masses, bypassing app store gatekeepers and traditional finance's sluggish onboarding.
The Scale is the Story
Xiaomi's global footprint turns every new phone into a potential crypto gateway. This isn't niche adoption—it's mainstream distribution at hardware-level scale. The deal effectively makes SEI's infrastructure a default financial layer for one of the world's largest device manufacturers.
Finance, Fragmented No More
The move stitches digital assets directly into the fabric of everyday tech. Users won't 'get into crypto'—they'll just use their phone, with SEI's blockchain quietly powering transactions, savings, and payments that traditional banks would take a hefty cut to process. It’s a silent revolution, packaged in a sleek handset.
A cynical observer might note this is how finance evolves: not with a bang, but with a pre-installed app that finally makes your bank's 0.01% savings account look as archaic as it is.
SEI network aims to make a comeback
The SEI network is an L1 chain, independent of other ecosystems. The network carries $89M in native and bridged stablecoins, and around $215M in decentralized liquidity.
Following the announcement, SEI tokens appreciated to a seven-day high, up by around 2.2% for the day to $0.14. SEI attempted to make a comeback this year, but its native token trades NEAR all-time lows, still awaiting a breakout. After the latest price recovery, SEI’s open interest increased to $59M.
SEI Network attracted more than $81M in netflows for the past three months. The chain has a relatively diverse source of bridging and liquidity, including both L1s like BNB Chain and L2s like Polygon and Arbitrum. The chain retains a small ecosystem of apps, including lending and DEX.
SEI launches Global Mobile Innovation Program
SEI will invest $5M in a Global Mobile Innovation Program to increase real-world blockchain adoption through consumer devices. As part of the program, the SEI crypto wallet and discovery app will be installed on all new Xiaomi phones outside of Mainland China, and excluding the USA.
The collaboration aims to enable stablecoin payments within the Xiaomi mobile ecosystem, including more than 20,000 retail stores.
Users will be able to log in using Google credentials or Xiaomi ID. The app will grant access to top decentralized applications and platforms, as well as support for P2P transfers and consumer-to-business payments.
SEI and Xiaomi will roll out the new app in regions with proven crypto adoption, focusing on Europe, Latin America, Southeast Asia, and Africa, potentially reaching millions of clients. The app may become the first access point for users into crypto, especially for countries where Xiaomi dominates the market.
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