Login Subscribe
 

Login

  Username
  Password
    Remember Me
   
 

Not a subscriber/registered visitor?

The Asian Banker website offers registered readers and subscribers a wide range of valuable research and analysis on the financial services industry.

All visitors must register to gain access. Access to selected news, research and our regular e-newsletters is free for up to 5 days from the time they are posted. Detailed research content and archieves are accessible only to paying subscribers.

If you wish to review our data subscription packages for full access to all data and research, please find the subscription options here.
   

Press Release
Published April 05, 2018
View complete press releases list

Foxconn and Sirin Labs to make first blockchain smartphone

Date: April 05, 2018
Categories: Financial Technology, Internet Banking, OutsourcingPartnership, Technology, technology
Keywords: Foxconn, blockchain


Swiss-Israeli technology firm Sirin Labs said that FIH Mobile Ltd, a subsidiary of world’s largest contract electronics manufacturer Foxconn, will manufacture its Finney blockchain smartphone, which is designed to securely store and use digital currencies such as bitcoin in fee-less transactions.

Finney, the world’s first blockchain-based smartphone, can automatically convert tokens for the use of decentralized applications, without having to obtain the different tokens through an exchange, Sirin said.

The company raised $157.8 million in an initial coin offering in December to support the development of an open source blockchain smartphone, as well as a blockchain personal computer.

Sirin plans to sell the device through eight new stores located in Vietnam and Turkey and has so far more than 25,000 units preordered, according to a Bloomberg report.

Sirin aims to ship from 100,000 to a few million units this year, the report said.

Re-disseminated by The Asian Banker from Reuters

Add a new comment:




Allowed tags: <b><i><br>



Comments (0)