Sirin Labs outsources Finney production to Foxconn

Sirin Labs partners with Foxconn to manufacture their blockchain-powered smartphone Finne
05 April 2018   454

Blockchain-connected devices has long been the topic of the talks among enthusiasts of the technology. And Sirin Labs has made big headlines with their first announcements of a whole ecosystem of IOTA's Tangle-connected devices. And now they make next step towards realization of their lofty goal.

Sirin Labs announced their partnership with FIH Mobile LTD, a subsidiary of world's largest contract electronics manufacturer Foxconn, to produce first of their lineup of blockchain-powered devices. Finney smartphone, named after famous cryptographer Hal Finney, is a result of a hugely successful ICO campaign, which gathered $157,8 million in December 2017.

one of the main selling points of the Finney is native support for blockchain applications, such as cryptocurrency wallets and ability to automatically convert tokens for use in multiple different decentralized apps without the hassle of going through an exchange.

According to the company, the specs will be adequate with 256GB of internal memory, 16-megapixel rear camera, but processor and RAM amount are for now undisclosed. Among security features Finney will, apparently, have some kind of physical security switch and a behavioral-based intrusion detection, whatever than means.

The device will be sold for quite a hefty sum of $999, but it seems the price wouldn't matter a lot to the true enthusiasts, because Sirin Labs claims that already more than 25,000 units were preordered.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   107

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.
 

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.