Recently, blockchain technology company SEI announced a partnership with mobile device giant Xiaomi, promising that Xiaomi phones sold outside of China and the US would come pre-installed with SEI's applications. However, Xiaomi has not officially responded to this, and some KOLs have stated that after verifying with former Xiaomi employees, they were told that the partnership is fake, and it's not even "pre-installed in some countries."
KOLs question SEI's ability to cover pre-installation costs.
KOL @Sea_Bitcoin estimates that , excluding the US and China, Xiaomi's annual smartphone shipments are around 120 million units. If the cost of pre-installed software on each phone is 5-10 RMB, the annual cost would be equivalent to 200 million USD. He questions whether SEI, with a circulating market capitalization of only 800 million USD, can afford this amount.
He further stated that although the announcement indicated cooperation in overseas markets outside of China and the US, how could Xiaomi, as a Chinese company, dare to go against the wishes of the Chinese authorities, especially since China had just reiterated its disapproval of stablecoins? Finally, even if Xiaomi wanted to enter the stablecoin payment market through hardware, there are certainly more suitable partners than SEI.
KOL: Verified with a friend who works at Xiaomi, this is fake news.
Early on the 12th, SEI officially issued a statement clarifying that its collaboration with Xiaomi focuses on pre-installing a Sei-based mobile financial application and enabling Web3 access for mobile users. Currently, this does not involve Xiaomi directly supporting or operating any digital currency payment functions or stablecoins. Specific features of the Sei-based application will be released gradually.
Today, @Sea_Bitcoin stated that after verifying with a friend who has worked at Xiaomi for over ten years, SEI's so-called cooperation is fake, and it's not even "pre-installed in some countries".
Strangely, since the announcement of the cooperation, Xiaomi has not issued any statement or response.
This article, "Xiaomi Phones to Pre-install Cryptocurrency Wallets? KOLs Question Fake Partnership, SEI Officials Issue Urgent Response," first appeared on ABMedia, a ABMedia .
