By The developer of the acclaimed Finney blockchain phone, Sirin Labs, has joined forces with MyEtherWallet for a new integration which will benefit both firms.
As reported by Finance Magnates on Wednesday, the deal will feature the launch of the ethereum wallet-generating service roll out in the Finney smartphone’s built-in cold wallet (offline).
In addition to this, MyEtherWallet users will be able to purchase the handset via the wallet’ service’s web application as well as the app platforms.
Furthermore, the firm sees this deal as a means for Finney users to have added ease of access to Ethereum (ETH) as well as more control over their private keys, as per the report.
CEO of Sirin Labs Zvika Landau was quoted saying, on news of the integration that the deal aims to move toward:
“greater market share for both companies, as the two products complement each other.”
Furthermore, MyEtherWallet confirmed the new partnership in a tweet on Thursday. As per a report on the device released back in November 2018, the Finney phone is geared towards secure storage of user’s cryptocurrencies. It provides a cold (offline) storage wallet which the firms have said is a second device within the smartphone’s housing.
In addition to this, the wallet itself sports a second processor and users are able to interact with it via secondary LCD screen which is the only interface where security seed phrases can be entered.
Furthermore, the Finney phone was also developed to make cryptocurrencies easier to use, and users will be able to convert between various tokens as need when operating with different applications, but at launch, it was noted that the variety of tokens was limited. However, Sirin updated the device earlier this month to include support for all ethereum ERC-20 tokens as well as dash and litecoin.
The smartphone is powered by a modified version of Android dubbed SirinOS which is designed with blockchain functionality in mind. Notable features include a physical switch for wallet security, communications encryption and three-factor authentication as per the Finney website.
The Israeli firm claims to have raised over $157 million via an initial coin offering (ICO) last year in order to fund the development of the smartphone.
CEO and founder of MyEtherWallet, Kosala Hemachanda in yesterday’s report stated:
“We believe having an on-phone hardware wallet is immensely valuable to users. This will not only make it easy to send and receive crypto transactions, but it will also make crypto more accessible to a wide range of users.”
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