Foxconn to manufacture world's first blockchain-based smartphone from Finney

Swiss-Israeli technology firm Sirin Labs said that FIH Mobile Ltd, a subsidiary of world’s largest contract electronics manufacturer Foxconn, will manufacture its Finney blockchain smartphone , which is designed to securely store and use digital currencies such as bitcoin in fee-less transactions. [caption id=“attachment_4087979” align=“alignleft” width=“380”]  Finney Smartphone by Sirin. Thenextweb[/caption] Finney, the world’s first blockchain-based smartphone, can automatically convert tokens for the use of decentralized applications, without having to obtain the different tokens through an exchange, Sirin said. The company raised $157.8 million in an initial coin offering in December to support the development of an open source blockchain smartphone, as well as a blockchain personal computer. Sirin plans to sell the device through eight new stores located in Vietnam and Turkey and has so far more than 25,000 units preordered, according to a Bloomberg report. Sirin aims to ship from 100,000 to a few million units this year, the report said.