SIRIN Labs, a supplier of electronic components focused on the blockchain, will launch its first blockchain-based smartphone tomorrow, November 29th, the IT-based and corporate computer magazine Computerworld reports today, November 28th.
Following a round of financing that raised $ 157 million in an Initial Coin Offering (ICO) for a blockchain phone in December 2017, the Swiss-based company announced this summer that it will release their FINNEY-enabled smartphone in November 2018.
Based on the open-source operating system of both sexes Android and SIRIN, SIRIN OS, the FINNEY phone will offer an encrypted portfolio for cold storage and will provide secure encrypted communications. For sale at $ 1,000, FINNEY will also feature a token conversion service (TCS) which, it says, eliminates the need to visit external exchanges by converting tokens and coins supported, article notes.
Cointelegraph reported in July that the phone will be produced and developed by the Foxconn Technology group, based in Taiwan, a major producer of Apple products, Google, Cisco, Huawei and Amazon.
The CEO of SIRIN has declared that the brand new smartphone blockchain aims to simplify the process of using cryptocurrencies and peer-to-peer networks, making it even more familiar through the Android operating system.
In May, the electronics giant HTC also revealed its plans to publish "the first native blockchain phone", HTC Exodus. However, this summer, the company made clear that it will not release a smartphone with a native blockchain network for crypto trading, but rather a phone with a cryptographic wallet and the game based on a decentralized application (DApp) of Ethereum ( ETH) CryptoKitties.
Also this summer, the Opera Web browser announced that it is releasing a beta version of its Android service that would include a native cryptographic portfolio.