The advent of Bitcoin is driven by the development of financial technology, including telecommunications, and hardware with crypto-friendly features. The latest innovation, HTC's cryptophone Exodus 1, will hit the market in December 2019. This device serves as both a smartphone and a cold wallet in Bitcoin.
Chen: "For the smartphone category to grow again, we need more adoption of cryptophones."
HTC Corporation, a Taiwanese telephone manufacturer, is moving its business strategy toward new technology. In this regard, Phil Chen, HTC's decentralized technology manager, CNBC that HTC sees the opportunities offered by the crypto space to revive the smartphone market, Chen explained,
If we are going to make Bitcoin hope from fiat money, we will need a device to do that
Meet EXODUS 1s, a cryptophone for everyone. pic.twitter.com/RsBs7eg2gm
– HTC EXODUS (@htcexodus) October 19, 2019
Originally considered a gimmick by some, crypto technology is the next frontier for smartphone innovation, so for the smartphone category to grow again, we need more adoption of cryptophones.
Therefore, on October 19, 2019, HTC launched a smartphone that integrates Zion, an HTC developed electronic wallet. To improve security and keep users' digital assets secure, Exodus 1 isolates the crypto area from the Android operating system.
As a result, the smartphone Exodus 1 acts as a hardware cryptocurrency using Zion. Zion allows users to keep their private keys in a secure Trusted Execution Environment (TEE). Login is not required, and Zion does not collect the user's personal information. The HTC team claims that Zion is more secure because
“Zion uses TEE to generate and keep your keys secure, even from Android OS. Zion's trusted user interface creates a secure environment for when you need to authorize a transaction with your crypto assets so that malicious software running on your phone's operating system cannot steal your information. "
The Exodus team thus claims that Exodus 1 users easily and securely exchange and store cryptocurrencies on the phone, protected from hackers and malicious attacks.
Exodus 1 can only be purchased with cryptocurrencies
In addition to serving as an electronic wallet, the smartphone includes Exodus 1:
- A 16-megapixel dual main camera and an 8MP dual front camera with 4K video.
- A six-inch screen with Quad-HD + resolution.
- A Qualcomm Snapdragon 845 processor.
- Six gigabytes of RAM and 128 GB of storage.
The cryptophone can only be purchased with cryptocurrency. The pre-order price is 0.15 BTC or 4.78 HTC plans to ship the phones in December 2019.
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B earning via Bitcoinist Media Library, HTC Exodus