What’s Going On?
Taiwan-based consumer tech giant HTC is to launch a blockchain-enabled phone that will allow owners to store and trade a growing range of cryptocurrencies.
Why Does It Matter?
The HTC Exodus will support Bitcoin, Ethereum and other cryptocurrencies in a universal wallet, reported Trusted Reviews.
HTC also plans to include a hardware element designed to support decentralised applications. The phone will require a native blockchain network, it was reported, which will allow Exodus phone owners to trade cryptocurrency with each other.
Does HTC Have What It Takes?
HTC might not have the high profile of an Apple, Samsung or even Nokia, but the company has proven itself as a major hardware producer. Phil Chen – HTC’s creator of its virtual reality headset Vive – will be responsible for the company’s blockchain and cryptocurrency initiatives, reported TheNextWeb.
“Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” Chen told TheNextWeb. “We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together.”
Last month we reported Foxconn Technology Group is to build a blockchain-enabled phone for blockchain consumer electronics firm Sirin. And last week we learned Grammy-winning rapper Pras Michel has launched the Motif, claimed to be the first blockchain-based smartphone intended for the US market.