In a bid to entice people who don’t fancy cryptocurrencies, HTC has recently launched a less expensive version of its blockchain-enabled smartphone.
The new HTC blockchain phone Exodus 1s was launched after IT was announced early this year.
Exodus 1 whose initial cost was 0.15 bitcoins equivalent to over $1,189, but the Taiwanese phone making company subsequently sold the blockchain phone for low as $699
The Exodus 1s comes at a cost of $244, however, the new blockchain phone comes with cryptocurrency-backed features, unlike its predecessor. Exodus 1s will allow users to lend, borrow and exchange digital assets.
Phil Chen, HTC’s “decentralized chief officer,” said that the blockchain phone met the company’s sales targets.
“This is a completely different device, The Exodus 1 is still available and is hitting our internal targets. We’ve been delighted with the response.”
According to HTC, Exodus 1 has a standout feature that makes it execute a “full bitcoin node.”
The phone comes with a 400GB memory card responsible for storing the bitcoins on the phone.
With these features the phone, its users can verify transactions on the underlying bitcoin network by allowing them to calculate their balance, allowing the user to verify that the balance belongs to the spender.
The belief of HTC is that the new blockchain phone would assist it as a company to get outstanding in the smartphone industry.
Over the years, HTC has not made much progress as regards phones, most especially in 2017 when the Taiwanese phone company’ s team that manufactured its Pixel phones was purchased by Google.
This had made HTC take a break away from phones and moving into virtual reality in the past couple of years. But recently, the company has seen an opportunity in the smartphone market to launch crypto-friendly phones for blockchain enthusiasts.
“Initially considered a gimmick by some, crypto technology is the next frontier of smartphone innovation. For the smartphone category to grow again, we need more adoption of crypto phones,” added Chen
HTC said aft the phone has initially shipped to Europe, then it will go further down to other continents.
Featured Image: techspot
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