According to CoinTelegraph, HTC’s blockchain phone, Exodus 1, now allows users to trade cryptocurrency directly from the phone’s native crypto wallet. The Taiwanese technology giant made the announcement early on Tuesday.
Exodus 1 Blockchain Phone – Native Wallet Trading
HTC’s Zion Vault will now allow swaps between various cryptocurrencies. The new feature is the result of a partnership with Kyber Network—a dedicated platform for cross-token trading solutions. HTC has added Kyber’s liquidity protocol and this allows easy swaps.
The swapping pairs include Ethereum-based ERC-20 tokens, including basic attention token (BAT), Kyber network (KNC) and dai (DAI). The platform removes the need to send tokens to intermediaries such as exchanges. Swaps are performed entirely on-chain, according to HTC who added that “fast and secure” crypto trading within mobile apps will enhance the user experience in using crypto.
The phone maker also announced earlier in the week that it has a low-cost version of the Exodus 1 due for release in Q3 2019. This phone called the Exodus 1S will also have the option of running a Bitcoin network full node.
Samsung
HTC is not the only tech giant to release a cryptocurrency phone. Samsung released the Galaxy S10 in February this year. The phone includes storage for private cryptocurrency keys.
Also, Sirin Labs released it’s blockchain phone ‘Finney’ in December of 2018. The Finney was developed off the back of an initial coin offering that raised $157 million in 2018. The phone has its own cold storage wallet built in and is described by Chief Marketing Officer Nimrod May as “a second device in the same housing as the phone.”
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To keep a users crypto safe, the Finney has a separate processor and its own LCD screen, in which the user inputs their seed phrase.
What do you think of blockchain phones? Are you a fan and would you trust keeping your crypto on them? Let us know your thoughts!
Featured Image: deposit photos/tsiban
