FIH Mobile to Manufacture Blockhain Powered Smartphone

Apr 05, 2018 at 12:27

Blockchain oriented electronics developer and operating systems supplier, Sirin Labs said that it finally found a manufacturer for its planned Blockchain-enabled smartphone.

“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,” the company said in a tweet.

Foxconn is a multinational electronics contract manufacturing company based in Taiwan. Its major customers include Apple, Google, Cisco, Huawei, and Amazon.

Sirin Labs chief executive officer, Moshe Hogeg added that the smartphone is designed to enable users to securely store and use digital currencies as current methods of storing them is “difficult and unintuitive.”

He also mentioned that the device will integrate various tokens and will allow owners to shop on crypto-friendly websites like Overstock.com and Expedia, converting cash into specialized tokens if needed.

The official also claimed that eventually, users of Finney may be able to forego complex addresses and long private keys and enable them instead to verify identities on coin-related services with an iris scan, fingerprints, or even a simple password.

It can be recalled that Sirin Labs raised as much as $158 million for the project in December via an initial coin offering following $70 million in initial investment.

Last October, the company said that it intends to ship the first Finney units in locations with the most active crypto communities like Turkey and Vietnam.

Last month, Huawei was also in discussions with Sirin Labs reportedly regarding the license for the latter’s operating system. While Sirin Labs confirmed that the meeting took place, no specific details were released about the discussion.