Sirin Labs, the blockchain startup funded by nearly $157 million in initial coin offering (ICO), has released its much anticipated blockchain smartphone, the FINNEY.
The smartphone, named after computer scientist and bitcoin pioneer Hal Finney, has a built-in cold storage crypto wallet, provides a token conversion service, offers a marketplace for decentralized applications (DApps), with a price tag of $999.
Sirin Labs will open two flagship concept stores in London and Tokyo following the product launch. The company’s London store will also function as a “blockchain academy” for those interested in the decentralized financial technology.
“It is with great pleasure that we are today unveiling to the world the first blockchain smartphone, brought to you by one ambitious start-up that was able to bring an idea to mass production in less than a year,” said Sirin Labs co-founder and co-CEO Moshe Hogeg. “We are now proudly selling a flagship device that offers the user experience we have envisioned for our Sirin OS. We are taking a huge step forward in bridging the gap between the blockchain economy and the consumer market. Finney is the mobile and truly secure experience crypto holders have been longing for.”
“In an increasingly insecure digital world, where hackers in all corners of the globe are out to steal whatever they can, consumers need a product that gives them confidence their data is safe,” said Kenes Rakishev, chairman of Sirin Labs. “With no solution available until now, many crypto users took a step back to a more primitive time and were using pen and paper to record their private key code. This and other ‘cold storage’ solutions are impenetrable to hacks but are also totally impractical for modern living.”
“Finney is unique and is the only phone with an embedded cold storage wallet. There is nothing else like it on the market,” added Rakishev.