Home / Blockchain / You can pre-order the Sirin Labs $ 1,000 blockchain phone, but there is a problem

You can pre-order the Sirin Labs $ 1,000 blockchain phone, but there is a problem

Believe it or not, Sirin Labs's crypto-centric dollar-centric smartphone is really here. It was officially launched today in an exclusive event in Barcelona.

Blockchain fans are now able to place the first orders for FINNEY, a full smartphone that comes complete with a built-in hardware portfolio for cryptocurrency storage, priced at $ 999.

Sirin Labs also intends to offer users the power to convert the cryptocurrency stored in the "cold wallet" integrated with other digital assets on the fly, without having to interact with any exchange.

Unfortunately, Bitcoin, Ethereumand SRN, the company's native token, are the only cryptocurrencies currently supported by the internal exchange service. Although, Sirin Labs has promised to add support for further currencies in the future.

The conversion rates between cryptocurrencies will be automatically discovered by the telephone through special "liquidity partners". It is said that a proprietary algorithm determines the appropriate network tariffs by first checking the congestion of the underlying blockchains.

These functions are both managed by a new operating system, SIRIN OS, which the company advertises as an "ultra secure and Google certified Android fork".

Below are all the juicy specifications, which include 6 GB of RAM and 128 GB of storage space. Oh, and Hard Fork is set to receive a FINNEY for review, so keep an eye on a complete review as soon as we receive one.

The company also soon revealed two flagship concept stores to be opened soon. The first will be in London, the opening scheduled for next month and the opening of a store in Tokyo is scheduled for January 2019.

Sirin Labs also hinted that the London store will be used as a "blockchain academy" for the cryptocurrency community, but at first glance it seems an elaborate "scheme" to convince people who have no idea of ​​the blockchain to try FINNEY, more of a true academy.

Now, here's the definitive trick: you can certainly order FINNEY now, but you can only pay it in Sirin Labs cryptocurrency.

The company soon promised "additional payment channels", including credit card, but did not give a specific time frame, except that FINNEY will be available for purchase through Amazon Launchpad since January on.

Oh, and I would be guilty of serious disservice if I did not arguefully share the the best part of the whole thing – this "inspirational" advertisement by FINNEY that does not show any other great football player, Leo Messi, who is currently an ambassador for the Sirin Labs brand.

Unfortunately, Sirin Labs' epochal opportunity has been ruined as reports suggest co-founder and co-CEO Moshe Hogeg is facing the misappropriation of investor funds raised through two offers initials of coins. The Times of Israel reports that Hogeg is contracting, officially denying the allegations.

Published November 29, 2018 at 19:00 UTC

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