Sirin Labs has opened the first blockchain smartphone store located in London. The intention is to attract crypto enthusiasts passionate for blockchain and decentralized applications (dApps). The information was released a few days ago by Venture Beat. The new blockchain smartphone was priced at $999.
Sirin Labs Attracts Cryptocurrency Users with a New Shop
The shop was opened back on January 15th and it will allow users to buy the new blockchain smartphone. Back in 2016, the company announced a premium and privacy-focused smartphone that had a price of $14,000. Clearly, this was not intended for retail users.
After several years working on a prototype, they’ve announced a pivot in March 2017. This would be the first intention to start selling a smartphone all over the world. The new blockchain smartphone is currently called Finney. In order to bring this device to the market, Sirin Labs gathered $150 million through an Initial Coin Offering (ICO).
The Finney phone could be pre-ordered back in November 2018. On January 15 was the phone was officially launched for just $999. Sirin Labs will not only be selling the smartphone in this shop, but the store will also be working as a hub for crypto and blockchain enthusiasts in the city. In the future, the intention is to open a new store in Tokyo. There are also several retailers that could sell this phone as well in other cities such as New York.
Clients will also be able to purchase Sirin Lab’s accessories such as dongles and cables. Additionally, branded clothes such as hoodies and hats can be purchased in this shop as well.
London is a crypto hub for the company but also it is a financial centre in Europe. Until now, London offers access to other European Union (EU) markets, however, the situation will change as soon as the United Kingdom leaves the EU.
This phone was manufactured by Taiwan’s FIH Mobile, which also works with Apple. Some of the specs include a Snapdragon 845 processor, a 6-inch screen, 128 GB of built-in storage, 6GB of RAM and a 3,280mAh battery.
The interesting thing is that the phone has a little secondary screen that slides out from the rear. With it, users can store their private keys and sign blockchain transactions. The best way to store digital currencies is using a hardware device. This phone will allow crypto users to be much more connected with the cryptocurrency world.