Binance, the world's largest cryptocurrency exchange by adjusted trading volume, is collaborating with mobile phone maker HTC to develop a smartphone compatible with Binance Chain, Binance's native blockchain Phil Chen, head of HTC's decentralized department, has reported.
Binance has decided to cooperate with the Taiwanese giant to enter the race of blockchain smartphones, as according to the exchange, "they will play a key role in the crypto industry."
Binance CEO Changpeng Zhao has said:
"The implications are profound and far-reaching. The most innovative smartphone makers are racing to adopt crypto. We are delighted to support and work with HTC EXODUS to make sure its users can access the Binance chain and DEX to help people access crypto and exchange anywhere."
This new smartphone is a special edition of HTC's EXODUS 1, which was launched in December last year and features a hardware wallet as well as the capacity to run full bitcoin nodes.
According to the company's announcement, this special edition of the EXODUS 1 will provide native Binance Chain compatibility, although it will not be able to run full nodes.
The device will allow users to access Binance's decentralized exchange from their smartphone wallets.
Users will soon be able to purchase this new smartphone for just $599.
In September iHodl reported South Korean smartphone maker Samsung plans to launch a new version of the Galaxy Note 10 with support for blockchain tech.
Last October HTC launched the EXODUS 1s, a new version of its smartphone blockchain with capacity to run full bitcoin nodes.
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