#加密钱包 Seeing the news about Stripe's acquisition of the Valora team and the collaboration between Sei and Xiaomi, what flashed through my mind was the wave of 2017. Back then, everyone was also discussing "when mainstream applications would be able to integrate wallets," and what happened? Most attempts turned out to be a flash in the pan.

But this time it is a bit different. Stripe's logic is very clear - they are not betting on cryptocurrency itself, but on the future of stablecoins as a payment tool, which is pragmatic. Although Valora's technology is not being acquired, the team's addition means that real engineering power and product understanding have been brought in. This approach of "headhunting" rather than "project acquisition" often tends to be more successful than an overall acquisition.

Xiaomi is more interesting. The pre-installation capability of 168 million mobile phones, what scale is this? Back in 2013, we were still debating where to store wallets, and now it's directly integrated into the factory configuration of consumer-grade hardware. The combination of sub-second finality and MPC Wallet addresses the most practical problems – security and ease of use. The choices in markets like Europe, India, and Southeast Asia are also very smart, as the acceptance of cryptocurrency has long been established there.

Stablecoin payments will be launched in Hong Kong, Macau, and the EU in Q2 2026. This is not a dreamer's timetable; it is a commitment made by someone who understands the current regulatory landscape and market pace.

Looking back, what truly remains from each cycle has never been those concept-driven projects, but rather those that minimize user friction and turn technology into everyday tools. It took decades for bank cards to become standard, but internet payments transformed financial habits in just over ten years. Now, crypto wallets need to follow the same path, with the key being this pre-installation, this integration, and this closed-loop payment scenario.

History tells us that true waves of change are never led by technology, but rather driven by demand. When mainstream consumer electronics giants and payment infrastructure providers simultaneously place their bets, what does that indicate? It indicates that what they see is not a speculative cycle, but a real business opportunity.