Sirin Labs Plans to Release First Blockchain Smartphone in November

Sirin Labs Plans to Release First Blockchain Smartphone in November

Swiss smartphone developer, Sirin Labs, plans to release a blockchain based smartphone in November of this year, as reported on July 11.

Sirin Labs raised $157 million for the project during their Initial Coin Offering back in December 2017. There was $110 million gathered over the first 24 hours of the ICO.

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The company had previously released a privacy focus smart phone in 2016. The intended price of this phone was at around $16,000. However, the new blockchain based phone, named Finney, is scheduled to be released at an expected price point of $1000 as reported by Sirin Labs.

Finney, which is based off of the android system, will run on their own operating system, SIRIN OS, and include a cold storage cryptocurrency wallet, token conversion service, and multi-blockchain decentralized applications store.

The phone will be developed and manufactured in Taiwan, by Foxconn Technology Group, the manufacturer such products like Apple, Google, Cisco, and Amazon.

According to the chief marketing officer of Sirin Labs, Finney will have a multilayer cyber security suite which will prevent unsuspecting users from connecting to a rogue network.

Sirin Labs intends to open their own shops worldwide with locations in the US, UK, and Japan. The company also plans to launch their own personal computer based on blockchain technology, which will be less costly than their smartphone.

In related news, the opera web browser will be releasing a beta version of their native cryptocurrency cold storage wallet for the android operating system.

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