This Phone Aims To Make Blockchain More User-Friendly
Dubbed the Finney, the device from Sirin Labs aims to facilitate mobile cryptocurrency purchases while implementing retina and fingerprint-scanning technology
Foxconn subsidiary Sirin Labs is developing a mobile phone embedded with user-friendly blockchain and cryptocurrency technology that is slated to launch in October of this year. Called Finney, the phone is meant to reduce the barrier to entry and simplify the current daily user experience of cryptocurrency.
The phone will make shopping on token-friendly sites much easier as well as allow people to earn tokens for things like letting other people use their phone’s Wi-Fi. It has additional features like a 64Gb storage, 6Gb of RAM, 5.5-inch display and more. Instead of needing to save Bitcoin to a separate drive and remember complicated passwords, the phone will utilize retinal and fingerprint scans in order to activate the use of your tokens. Cryptos are still a hard market to penetrate and have not achieved mass use, as only 8% of the U.S. population has invested in them.
Sirin is in a race for market share with other crypto-friendly phone manufacturers, like Zippie and BitVault. Despite the awareness challenges, Moshe Hogeg, CEO of Sirin Labs, believes this is a better experience and product for the crypto consumer. “I want to do something that’s better than the current user experience,” he said. “In the end when you look at the Chinese wall, it started with one guy taking one small brick and putting it into place. And then another one and then another one. We can do it step by step.”
Lead Image: Sirin Labs via Facebook