A subsidiary of Taiwan-based electronics giant Foxconn is to help develop and build a blockchain phone from Sirin Labs.
The Android-based smartphone – called the Finney – is being built from the ground up, with special features that should appeal to cryptocurrency enthusiasts, including an app store for distributed apps (dapps), secure storage for crypto wallet keys and simple conversion between tokens.
The Switzerland-based company said the product will fill a gap in the fast-growing cryptocurrency market for a secure device that can simplify the use of cryptocurrency across multiple applications.
Notably, the Finney will have a secure part of its hardware for cryptocurrency that is enabled via a physical switch.
By licensing the phone’s technical advances to other phone makers, Sirin hopes the price for a Finney could later fall possibly as low as $200.
Write: Sara Bauer