The Sirin Labs Cryptocurrency Phone
It is possible to convert an existing mobile device to cryptocurrency wallet. All needs are a way to create the right mobile app and data backup. For some technology companies, the concept of cryptocurrency phones looks very different. Sirine Labs are working on devices specifically tailored to blockchane and cryptocurrency industry.
Known as Finney, this new device packs some punch under its thin cover. With its secondary display for cryptocurrency transactions, this device is in a different league. Sirin Labs claims that this second screen has its own dedicated firmware different from the rest of the device. Its built-in cold storage functionality lets customers keep their crypto portfolio safe at all times. Multiple currencies and tokens will be supported on the launch.
The device's main operating system is based on Android. This is another strong collection of code, with Sirin Labs focusing on security and privacy. Through this modified operating system, users can access a dedicated blockchain app store. According to the hardware, the device does not have any slots either. With Snapdragon 845 and 6 GB RAM, it can complete all tasks without any interruption.
The name of this reputable phone is a smart move by Sirin Labs after Bitcoin pioneer. Help is a mythology in the Finnish crypto industry. The device using its name will need to fulfill its initial promise. Security must be guaranteed and the facility should be present. The list of facilities provided looks at least impressive on paper.
Sirin Labs will not be able to overcome all the concerns. It's not a smart decision to store someone's cryptocurrency portfolio on a mobile phone. Equipment is often lost or stolen, which can cause destructive incidents. Most investors can see such devices as hardware replacement for wallet but with some extra functionality.
Mobile phones dedicated to cryptocurrency will not go mainstream throughout the night. Bitcoin industry is struggling for mainstream attention for nine years. The efforts of Sirin Labs can help improve the situation, but no major changes should be expected. Especially for the price tags of $ 1,000, Fini is a very expensive tool. Whether it is a real traction or not, it is yet to be determined. In the second half of 2017, its initial $ 158 million sales round is a strong indicator that things can finally be cured.