Coming Soon: The Sirin Labs $1000 Cryptocurrency Focused Phone

The smartphone market is seemingly catching on, as Israel-based Sirin Labs announced a cryptocurrency-powered phone on July 11, 2018.The "Finney".

Termed "Finney," in homage to Bitcoin evangelist Hal Finney, the latest Sirin Labs phone is priced at $1,000 and boasts of powerful computing software and unmatched privacy.

Sirin Labs has since taken a cue from the Solarin debacle, and worked towards building a "Mass-market provider" while offering cryptocurrency enthusiasts a secure wallet device.

To bring prices down to $1,000, the Finney is manufactured by Foxconn, the Taiwan-based hardware company behind Apple, Nokia, BlackBerry, and Xiaomi.

Touted as a phone for the "Blockchain era," the Finney features hardware reminiscent of Solarin, but that is where the similarity ends.

Finney has a secondary display called "Safe Screen," meant to facilitate cryptocurrency transactions.

Sirin Labs claims to have deployed dedicated software for ensuring the correct destination address before a user sends funds.

Apart from the cold wallet and app store, Finney features a Token Conversion Service, a first in the smartphone class.

While members of the broader cryptocurrency community may still voice concerns of theft, Sirin CMO Nimrod May argues the phone is not meant to replace cold storage wallets completely.

Finney launches in November 2018, with an initial release in New York, London, and Tokyo.