It was probably only a matter of time before someone would come up with a blockchain-based phone. A presently unheard-of firm called Sirin Labs is gearing up to launch the first ever phone to be powered by blockchain tech. The handset to be called Finney will go on sale this year itself.
Finney is actually a range of devices including PCs that will run on the blockchain tech. Sirin Labs earlier raised $100 million in order to bring this range of devices into reality.
Coming to the phone itself, the makers of Finney say that it is very secure and is made for cryptographic coins. The handset will come preloaded with Ethereum as client status. It will also come ready with encrypted messages, be able to fulfil smart contracts. The handset will be preloaded with “Status”, a decentralized platform to browse, chat as well as store Ethereum in the wallet. Status is available for iOS and Android.
Ethereum is the second most popular cryptocurrency after Bitcoin. And it has the biggest market cap after Bitcoin. Integration with Ethereum will allow easy transfer of tokens for users of Finney on Status.
The launch of the handset comes at a time when Bitcoin has been repeatedly breaking all-time highs. The popular crypto is now valued at $11000 at the time of this writing. Naturally, investors the world over are now giving it a thought.
Finney’s handset won’t come cheap. It is expected to be priced $999. The phone is up for sale but will only be available starting next year. You can visit the firm’s official website here.