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HTC working on blockchain-powered Android smartphone: Report

IANS  |  Taipei 

Taiwanese is reportedly working on a new phone named "Exodus" that will be powered by

"The upcoming phone will come with a "universal wallet" and a built-in secure hardware system to support cryptocurrencies and decentralised applications," TheNextWeb reported late on Tuesday.

Blockchain are claimed to offer better security and user experience by integrating "cold wallet" storage right into the device and enabling direct trading of the native cryptocurrency with peers on the phone's network, without fees.

"The company plans to create a using 'Exodus' phones to facilitate cryptocurrency trading among the phone users," the report added.

Phil Chen, the brain behind HTC's (VR) headset "Vive" will be in charge of all blockchain and cryptocurrency related initiatives of including "Exodus".

"Through 'Exodus' we are excited to be supporting underlying protocols such as Bitcoin, 'Lightning Networks', 'Ethereum', 'Dfinity' and more," was quoted as saying by TheNextWeb.

However, has still not announced the price of the but the company is reportedly considering accepting cryptocurrency as a form of payment for the device.

Before HTC, Sirin Labs' blockchain which was announced in September 2017, is slated to launch in October 2018.

--IANS

rp/ksc/and/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 12:24 IST
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