Cryptocurrency Cold Wallets Are Going Mobile

July 14, 2018

Cryptocurrency Cold Wallets Are Going Mobile

Storing cryptocurrencies securely is of paramount importance to users, traders and “hodlers” alike, mobile devices to date perform adequately at the moment, however the race is on to dominate the mobile device sector as the adoption of cryptocurrencies and blockchain gathers pace.

Two contenders in the race to launch a smartphone with built in cold storage are underway:

The first is the HTC Exodus, targeted for release in Q3 2018 with an estimated price somewhere in the region of $1000 and according to company exec Phil Chen, “We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub” and the Exodus will be “the most secure hardware wallet out there.”. Chen also hopes to create a more efficient method to enable cryptocurrency mining using mobile devices; however that could prove to be difficult as mobile manufacturers and platforms clamp down on developers and their code to prevent malicious code from hijacking devices to mine currency without the owners knowledge.

HTC Exodus Blockchain Phone

The second offering is from Sirin Labs who recently announced more details on their Finney blockchain phone, also due to ship in Q3. Priced at $999, the device also promises secure cold storage of cryptocurrencies for owners with a rather novel twist – a secondary “Safe Screen” that slides up from the back of the device that runs on dedicated firmware and activates the Finney cold storage wallet ensuring users are under no illusion they are using a secure environment when managing their cryptocurrency holdings.

Sirin Labs Finney Blockchin Phone

Both devices will run on Android and will be available for purchase worldwide according to the manufacturers – quite which will gain the market lead remains to be seen given the sector is yet to be fully established.

 





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