Electroneum Introduces First Affordable Crypto Phone
February 26 2019 - 11:55AM
InvestorsHub NewsWire
Bitcoin Global News (BGN)
February 26, 2019 -- ADVFN Crypto NewsWire -- Blockchain-based
phones are nothing new at this point. Just look at the major amount
of publicity that Samsung is getting due to the upcoming launch of
the Galaxy S10 phone, which will reportedly feature a native crypto
wallet with apparent support of all ERC-20 tokens. On top of this,
the phone will include the capability to run Dapps and even
complete “contactless” payments with its’ hosted
cryptocurrencies.
Even though the S10 is being
introduced by a major global technology company, it is actually no
different from past, similar offerings like Sirin Labs’ “Finney”
phone for one key reason. Until today, an affordable blockchain
phone did not exist.
The S10 averages an MSRP of $908 or
so across multiple sources and the Finney sits around $900.
Contrary to what most technology companies may try to say to the
average person via flashy advertisements, neither of these price
points are affordable.
Yesterday, Electroneum’s
announcement has changed all of this, possibly for the better.
Blockchain-based phones are no longer only for high net worth
individuals or those willing to over-extend their credit for the
latest gadgets.
In short, according to CoinDesk,
Electroneum will be releasing an $80 smartphone that has a built-in
crypto mining capability. The kicker is, they did not create this
device to sell to all interested consumers across the
world.
The phone, which is called the M1,
was reportedly made specifically for emergent markets where the
public exposure to cryptocurrencies is almost non-existent and the
average net worth is much smaller than in Europe and the United
States.
According to Electroneum(via
CoinDesk), their launch will begin in South Africa with the phone
becoming available through local stores and South African Amazon.
Even though the device’s mining apparently only equates to an
average profit of $3 per month, here’s to hoping that this play for
market share works in the favor of greater crypto
adoption.
By: BGN Editorial Staff
Bitcoin (COIN:BTCGBP)
Historical Stock Chart
From May 2024 to Jun 2024
Bitcoin (COIN:BTCGBP)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Bitcoin (Cryptocurrency): 0 recent articles
More Bitcoin News Articles