Foxconn and Sirin Labs partner to Manufacture Blockchain Phones – Blockchain News

Blockchain Phones will soon become the latest in a fast-growing list of innovations in using blockchain technology. In an era where major technology development companies are now trying to outdo each other by developing cutting edge blockchain related systems, Foxconn is seeking to take the ‘blockchain step’ in its sector by developing blockchain enabled mobile phone.

FIH Mobile, a subsidiary of Foxconn Technology Group, has decided to help develop a new range of blockchain enabled mobile phones called “Finney” from its Sirin Labs. The new mobile phone would help customers store and transact digital currency more securely and faster with zero transaction fee.

In a tweet, Sirin Labs expressed excitement over the partnership with Foxconn to develop revolutionary blockchain phones.

SIRIN LABS is incredibly excited to announce that it has chosen FIH Mobile (Foxconn International Holding) to Manufacture the FINNEY smartphone. With this development, we are taking a huge leap forward to bring the Go Crypto revolution to the mainstream. https://t.co/YvZ1oX4xD4
— SIRIN LABS (@SIRINLABS) April 4, 2018

This new blockchain device will come packed with cool features. Not only will it integrate all kinds of digital tokens, it will make it easier to locate and purchase goods from sites that accept cryptocurrency payments. Users can even share their mobile WiFi and receive instant payment in digital coins.

Taiwanese-based Foxconn Technology Group is a global leader in the mobile phone business and has assembled cutting edge devices like the Iphone series, the Playstation series and Kindles while Sirin Labs became famous when it launched the SOLARIN mobile phone which is security oriented.

As of the time of writing, Finney mobile phone already has about 25,000 orders with shipping to begin by October 2018. It will be available initially in Vietnam and Turkey although, Sirin Labs believe it can sell a few million units this year.

Cryptocurrency Safety First

Describing the new device in an interview, Sirin Chief Executive Officer Moshe Hogeg said all crypto-related services on Finney would be activated with a physical switch instead of using a complicated address and private key pattern. He also clarified that in future, users would eventually make use of iris scanners, fingerprint or simple password to secure their digital wallet.

Also, Sirin Labs which has been at the forefront of developing blockchain technology related devices recently launched a PC which will help the users in generating blockchain code specifically geared towards the cryptocurrency users. The company recently signed football superstar, Lionel Messi as the Brand Ambassador in order to create more awareness about the blockchain technology.

It’s worthy to note that Foxconn will be facing stern competition from blockchain startups as well as established phone makers seeking to develop more blockchain-friendly devices. Of the latter group is Huawei who recently announced plans to incorporate blockchain in its devices.

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