Sirin Labs readies the Finney; a $14,000 Blockchain smartphone

Sirin Labs – the firm behind the ridiculously expensive Solarin – is now reading a Blockchain-ready smartphone dubbed the Finney.

Ultra-premium smartphones took a tumble earlier this year when luxury marque Vertu closed its doors, and now Sirin Labs – the company behind the ludicrous Solarin smartphone – has turned its attention to a new venture; producing the world’s first Blockchain-ready smartphone in the form of the Finney.

The handset is named in honour of Hal Finney, and is slated as the first smartphone secure enough to house cryptographic coins. Sirin Labs claims that an ecosystem of products (including an all-in-one PC) will form an independent Blockchain network powered by IOTA’s Tangle technology.

Read: President Vladimir Putin confirms Russia will regulate ICOs, cryptocurrency mining by July 2018

The network will operate without mining centers and will use the SRN token as its default currency, while the handset itself will run on a proprietary operating system designed to support blockchain applications such as cryptocurrency wallets.

The device will only be available to investors who hold SRN, and the company has further released a white paper detailing its intentions to create ‘consumer electronics for the Blockchain era’.

The handset is expected to retail for the pricey sum of $1,000 USD, and in terms of general specs will pack in a 256GB internal memory as well as a 16-megapixel primary camera.

The device will apparently feature a physical security switch and a ‘behavioral-based’ intrusion prevention system.

The Finney is expected to go on sale in the first quarter of 2019, and will enjoy a lengthy development period throughout the course of 2018.

Read: MasterCard opens access to its new Blockchain API to partner banks, merchants

What are your thoughts? Would you be prepared to invest in pricey Blockchain-ready devices such as the Finney? Be sure to let us know your opinion in the comments below!

Related Articles

3 Bitcoin bulls that come from traditional finance

The cryptocurrency industry has critics and champions. In this, we look at three advocates of Bitcoin that are experts in traditional...

Should Beijing look at its crypto ban? A former bank member believes so

A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.

United Kingdom riddled with crypto scams

Owing to the lack of regulation and restriction in the United Kingdom, fraudulent companies have been flocking to the country.

US lawmakers seek answers from Silvergate about FTX link

United States senators have requested information from Silvergate Capital regarding the firm's association with FTX.

See All