Smartphone Archives -
With HTC entering the race, a second cryptocurrency supporting smartphone created by a major electronics manufacturer is now on its way to the market. Could this be the start of a trend by all device makers to embed features such as hardware wallets into phones to help increase sales among more tech savvy consumers?
Exodus From Fiat to Crypto
Taiwanese consumer electronics manufacturer High Tech Computer Corporation or HTC (TWSE: 2498), will release its own cryptocurrency-focused smartphone. The company has announced it is developing a “blockchain-powered” device that will be based on Google’s Android operating system which will be named Exodus.
The phone is expected to contain a universal wallet and a “built-in secure hardware enclave” supporting cryptocurrencies and dapps (decentralized applications). HTC reportedly also wants to create its own network with each phone serving as a node to facilitate trading within it. Finally, the company is examining the possibility of selling the device for cryptocurrency as well. “Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” Phil Chen who is responsible for the development told Thenextweb. “We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together.”
Cryptocurrency Support as Killer App
If you follow the electronics market carefully, you must know that HTC has not been doing so well in recent years despite creating some great devices. In that context it is possible to imagine that the company is betting on a cryptophone to give it a more edgy brand to attract privacy-minded young people and the more tech savvy crowd. However, other companies have explored the field before HTC and it is thus possible that many more will soon feature built-in cryptocurrency support in their devices.
Earlier this month we reported on the technical details that have emerged about Sirin Finney, an ultra secure mobile device promising to keep your cryptocurrency transactions private. The phone will feature an embedded cold storage wallet, and will be built by the same company that builds the iPhone, Foxconn. And back in March of this year, the Chinese smartphone maker Huawei was rumored to be in serious talks with Sirin Labs about the device too.
How long until all new phones will support crypto as default? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post HTC to Launch Its Own Cryptocurrency-Focused Smartphone, Exodus appeared first on Bitcoin News.
In a move that is roiling the telecom industry worldwide, a global telecom equipment-maker has halted its main business operations. The announcement comes after ZTE, China’s second-largest telecom equipment company, was found by the US to have illegally shipped its products to Iran, per Reuters . In response, the US Department…
In the latest move to make hotels appeal to young, tech-savvy travelers, one of the world’s biggest hotel companies is launching a smartphone app that can control the television, air conditioner, lighting and curtains in the hotel rooms.
Hilton has begun testing its app on 500 rooms in four hotels…
Embattled Chinese smartphone maker, Huawei, is rumored to be in serious talks with Sirin Labs to bring its handset into the cryptoverse, possibly incorporating the Swiss company’s cold storage wallet along with its system to instantly convert fiat to crypto. This comes at a time when, in the US, at least one regulator is insisting carriers drop Huawei out of security concerns.
Huawei Said to be in Talks with Sirin Labs, Maker of The Finney
What if the world’s third largest smartphone company distinguished its product by teaming with a crypto-savvy phone operating system, allowing it to provide cold storage and a way to instantly convert fiat to crypto? That’s the tantalizing rumor out of Bloomberg this week.
China’s Huawei Technologies Ltd “is considering developing a mobile phone that will be able to run blockchain-based applications, according to two people familiar with the plans,” the story ran. Applications by way of Sirin Labs’ SIRIN OS would parallel the set’s existing Android software. And though neither company has confirmed negotiations proper, Sirin took to Twitter and forwarded Bloomberg’s story.
Sirin Labs is most famous for 2016’s Solarin smartphone, retailing for $ 16,000, and, more recently, its successful initial coin offering (ICO) last year in preparation to launch The Finney (named after Hal Finney), a smartphone claimed to include an embedded cold storage function and a way to automatically convert fiat to crypto. According to Sirin, preorders for the phone are already more than 25,000.
US Carriers Urged to Dump Huawei
“The plans would mark the first foray of a major smartphone maker into blockchain, the decentralized ledger used to record cryptocurrency transactions, potentially bringing the technology closer to the mass market,” the report stated. Sirin Labs’ Telegram revealed back in February, “Amazing meeting just concluded between Sirin Labs and Huawei. Among other things discussed was the possibility of cooperating together to bring blockchain technology to the masses in a secure way.”
Meanwhile, Huawei is coming under attack from US regulators such as the Federal Communication Commission (FCC) who believe the company to be a security, espionage threat. In fact, FCC chairman Ajit Pai released a statement proposing a freeze on funds to providers who use Chinese companies like Huawei.
Mr. Pai urges barring “the use of money from the FCC’s Universal Service Fund to purchase equipment or services from companies that pose a national security threat to United States communications networks or the communications supply chain.” This follows his earlier statement to congress where he insisted lawmakers consider the “security threat that Huawei and other Chinese technology companies pose to our communications networks.”
Assuming the smartphone, cold storage wallet collaboration goes forward, chances are it will never see the US market as a result.
Do you think such a phone will materialize, or is it just hype? Let us know in the comments!
Images via Pixabay, Huawei, Twitter.
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The post China’s Huawei Rumored to Partner with Cold Storage Smartphone Maker appeared first on Bitcoin News.
I have had my Amazon Echo for over a month now. I use it to check the weather, traffic, and sports scores. But frankly, other than that, it’s a speaker taking up space.
Nintendo said it would soon terminate its smartphone app “Miitomo”—which had gained attention as the game maker’s initial foray into the smartphone business—because it failed to attract enough number of players.
WSJ.com: US Business
A society of high-minded French purists have deemed another English-derived word unfit for their language. According to the Local , Commission d’enrichissement de la langue française has zeroed in on the use of “smartphone.” Known in English as the Enrichment Commission for the French Language, the group is affiliated with conservative…
You won’t find padded lampposts in Honolulu. That’s because the Hawaiian city hopes to discourage pedestrians from “distracted walking” altogether, notably with one piece of legislation its mayor signed into law late last week, Reuters reports. Per the new mandate to combat “smartphone zombies,” pedestrians who check their electronic devices…
Wells Fargo plans to upgrade all 13,000 of its ATMs next week to enable customers to access their funds using their cellphones instead of traditional bank cards.
The announcement was made by Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday at an employee town hall in Orlando.
While wireless carriers battle each other by pushing unlimited data plans riding on their 4G networks, an industry gathering in Barcelona will be looking to the future.
WSJ.com: US Business