Switzerland-based, blockchain-focused electronics developer Sirin Labs has announced via their official Twitter account that they have chosen FIH Mobile, a subsidiary of Foxconn, to build their upcoming blockchain smartphone.
Foxconn is among the largest electronics manufacturers in the world, and are responsible for building other smartphones, including Apple’s flagship iPhones.
Foxconn will build Siri Labs’ Finney – an Android-based smartphone. Sirin Labs is pegging as a “state-of-the-art mobile device for the Blockchain era.”
The Finney will retail for $999, and offer some appealing features for the cryptocurrency investor, such as built-in cold storage crypto wallets for a variety of tokens and an app store for Dapps.
Much like how Apple made ease-of-use a priority with the iPhone, Sirin Labs hopes to make the Finney user-friendly enough that it allows the less tech savvy to enter the crypto space without confusion.
Sirin Labs CEO Moshe Hogeg told Bloomberg in an interview, “the mass market would never get it.” adding:
“There’s no chance my mom can figure out how to use Bitcoin, and my mom is smart.”
Sirin Labs is expected to start shipping the Finney in October, first launching the unique smartphone in retail locations around the world at various crypto hotspots, but plan to offer the phone via traditional carriers in the future.
Sirin Labs is also working on a Finney PC, which they are calling “the first blockchain all-in-one PC.” Sirin Labs raised $157 million in December to fund the project via an initial coin offering for their native Sirin (SRN) token. Pre-orders for the Finney can be made on their website using SRN – those that do so will receive a 10% discount on the Finney smartphone.
[Image Credit: Sirin Labs’ Facebook]