HTC, one of the most recognizable names in the smartphone industry has been lately focusing on the blockchain and crypto space, where the firm has launched several smartphones with crypto wallet support. The firm's latest product offering is an exclusive limited edition Exodus 1 smartphone which will have built-in support for the Binance Chain. The smartphone also comes equipped with the Zion vault crypto wallet app which can be integrated with the Binance's decentralized exchange and users can directly trade on the exchange from their smartphone.
— Binance (@binance) November 12, 2019
Phil Chen, Decentralized Chief Officer of HTC believe that this new generation of smartphones is built with the aim to make the life of consumers hasslefree with control of their finances in their pocket. He also lauded Binance for facilitating cross-border trade and transactions and believed the partnership would help both the firms to grow further, he said,
“Binance is one of those fearless companies that challenge traditional financial systems and how things are done. Their vision of borderless finance is a cause that EXODUS also aspires to. We are excited to be supporting the Binance Chain and its DEX, which provides our community with the biggest spread and most liquid crypto exchange along with the trust minimization principle of empowering users to own their private keys and manage their personal bitcoin node comprehensively. We believe this combination and our partnership will usher in a completely new paradigm of digital asset exchanges and corresponding interactions.”
The newly packed features make the Exodus first smartphone in the world to be fully blockchain compatible that would allow consumers to store their private key into the smartphone. However, HTC is not the only smartphone brand that is looking to bank on the emerging and rapidly growing crypto market. Before this, Samsung has also released its premium smartphone galaxy with crypto wallet support.
The smartphone is slated to go on sale on the official HTC exodus website really soon and will be priced at $599, and the users can also make payment in cryptocurrencies. The first 500 buyers would also get a $100 BNB bonus.
Changpeng Zhao, the CEO of Binance believed the move would help both in increasing the awareness and adoption of cryptocurrencies, and given how involved people are with their smartphones these days, the movie would surely help these users with greater accessibility. He said,
“Smartphones will play a key role in the mass adoption of crypto and smartphones are the most natural devices for a hardware wallet that is simple to use and always with you. Crypto, on the other hand, will make every smartphone both a POS terminal and payment device, cutting out most other middlemen. The implications are profound and far-reaching, and the most innovative smartphone makers are racing to integrate crypto use for mass adoption and seamless usability. We are delighted to support and work with HTC EXODUS to help people access crypto anywhere and anytime. We are excited to collaborate with a manufacturer that is taking the innovative steps forward to empower users and further adoption.”