Category: FINTECH

HTC Smartphone developer plans to provide a new special edition version of its mobile with support of Binance Chain. On Tuesday, the company revealed that it would launch an EXODUS 1 smartphone that combines with cryptocurrency exchange Binance’s namesake blockchain, giving support for its decentralized token and exchange.According to the announcement, The EXODUS 1 Binance edition will combine Binance Chain with the device’s native Zion Vault wallet app. Using this phone, users will get direct access to the Binance DEX.According to a press release, Phil Chen chief officer of decentralized HTC said Binance’s “borderless vision is a cause that EXODUS also aspires to” He further added that “We are partnering with the biggest and most liquid crypto exchange along with the trust minimized principle of empowering users to own their own keys and supporting n their own full bitcoin node and suggesting that the Binance DEX natively in the device might help change how users interact with exchanges. Changpeng “CZ” Zhao CEO of Binance said smartphones “are the most natural devices” for hardware wallets, particularly ones users will always hold onto. “Crypto, on the other hand, will make every smartphone both a POS terminal and a payment device, cutting out most other middlemen”. Zhao said that he was excited to see how people might adopt cryptocurrencies using the device: “The implications are profound and far-reaching. The most innovative smartphone makers are racing to adopt crypto. We are delighted to support and work with HTC EXODUS to make sure its users can access the Binance chain and DEX to help people access crypto and exchange anywhere”. HTC first stated that it would be launching a cryptography friendly smartphone last May when it unveiled the EXODUS 1. Later In 2018, the phone was released initially it only available for purchase using cryptocurrency. The HTC company opened up fiat sales to the wider public earlier this year.The EXODUS boasted of secure enclave function to work as its mobile hardware wallet, acting as a protected environment for users to store their cryptocurrency private keys without risk of being hacked or otherwise compromised.HTC followed up its EXODUS 1 offering with the 1s, a more cheaper variant capable of running a full bitcoin node provided users added a lot of extra card storage.The new edition of Binance device will retail for US$599, or 899 Singapore dollars at a discount to the original price of the device. The phone can only be bought through cryptocurrency on HTC’s website. Some early customers may also get BNB airdropped to their devices.