Binance has announced that it will be opening two new offices in Brazil, with the team behind the operation doubling in number.
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.
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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.
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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!