Solana To Bring 1 Billion More Users To Crypto

There are all kinds of optimistic predicitons about the prices of digital assets today, despite the massive market volatility. Check out the latest reports below.

It’s been revealed that Solana could bring a lot more people to the crypto space. Solana Labs co-founder Anatoly Yakovenko says the tech firm’s new mobile phone aims to bring droves of new users to the crypto world.

During a new interview on the Bankless YouTube channel, Yakovenko says that Saga, Solana Labs’ new Android-based Web 3.0-enabled smartphone, aims to make transacting with and managing digital assets “as amazing as using Apple Pay.”

“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.”

He said the following:

“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.”

Yakovenko also made sure to explain that most people in Europe use Android smartphones as their primary computers.

He also said that tapping into that market using Saga could bring nearly a billion more users to the crypto sphere.

“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…”

Earlier today, we revealed that a popular crypto strategist is issuing a warning to investors and traders of Ethereum (ETH) competitor Solana (SOL).

Crypto analyst Justin Bennett said recently that Solana has broken down from its diagonal support after an upside fakeout and now appears headed to lower levels.

“Markets got choppy over the weekend as expected, but so far so good with this SOL fakeout from last week.”