Cryptocurrencies
Foxconn to Manufacture Blockchain Phone From Sirin Labs
- The device will make it easier for people to use digital coins
- Sirin is competing with a slew of blockchain phone rivals
Photographer: Qilai Shen/Bloomberg
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Foxconn Technology Group grew into the world’s largest electronics manufacturer for hire by churning out best-selling products such as iPhones, Kindles and PlayStations. Now, it’s deploying that power to bring cryptocurrencies to the masses.
A subsidiary of Foxconn has agreed to help develop and produce a blockchain phone from Sirin Labs, according to the startup. The new device, called the Finney, is designed to help owners securely store and use digital coins such as Bitcoin, as well as related services.