Recently, the blockchain SEI announced a partnership with mobile device giant Xiaomi to pre-install the SEI application on Xiaomi smartphones sold outside of China and the US. However, Xiaomi's official response to this matter has been nonexistent, and some KOLs indicated that after verifying with former employees at Xiaomi, the response was that this collaboration is false, and it is not even a matter of 'pre-installing in some countries.'
(The new Xiaomi smartphone will come with a built-in Sei cryptocurrency wallet, and stablecoins can be used to purchase the Xiaomi SU7 in Hong Kong as early as Q2 next year)
KOL questions whether SEI can handle the pre-installation costs
KOL @Sea_Bitcoin estimates that excluding China and the US, the annual shipment of Xiaomi smartphones is approximately 120 million units. If we calculate the cost of pre-installed software at 5 to 10 RMB per phone, the annual cost amounts to 200 million USD. He questions whether SEI, with a circulating market value of only 800 million USD, can afford this amount?
He further stated that although the announcement would lead to collaboration in overseas markets outside of China and the U.S., how could Xiaomi, as a Chinese company, dare to go against the wishes of the Chinese authorities, especially when China has just reiterated its non-recognition of stablecoins? In the end, even if Xiaomi wanted to enter the stablecoin payment market through hardware, there are certainly more suitable partners than SEI.
KOL: Verified with friends working at Xiaomi about the false news.
In the early hours of the 12th, SEI urgently released a statement indicating that the focus of collaboration with Xiaomi is to pre-install a mobile financial application based on Sei and to grant mobile users access to Web3. Currently, it does not involve Xiaomi directly supporting or operating any digital currency payment functions or stablecoins. The specific features of the Sei-based application will be gradually introduced.
Today, @Sea_Bitcoin again stated that after verifying with friends who have worked at Xiaomi for over ten years, the so-called collaboration with SEI is fabricated, and not even 'pre-installed in some countries' is true.
Ironically, since the announcement of the collaboration, Xiaomi has not issued any statements nor provided any responses.
This article questions whether Xiaomi phones will come pre-installed with a cryptocurrency wallet? KOL doubts the authenticity of the collaboration, and SEI has urgently responded. The article first appeared in Chain News ABMedia.
