Taiwanese tech giant HTC is reportedly working on a new Android phone named "Exodus". It will be powered by blockchain technology.
"The upcoming phone will come with a "universal wallet" and a built-in secure hardware system to support cryptocurrencies and decentralised applications," TheNextWeb reported on Tuesday.
The smartphone is to offer a better security and user experience by integrating "cold wallet" storage right into the device. This will enable direct trading of the native cryptocurrency on the phone's network without mining fees.
"The company plans to create a blockchain network using 'Exodus' phones to facilitate cryptocurrency trading among the phone users," the report added.
Phil Chen, the brain behind HTC's Virtual Reality (VR) headset "Vive" will be in charge of all blockchain and cryptocurrency related initiatives of HTC including "Exodus".
Phil Chen said "Through 'Exodus' we are excited to be supporting underlying protocols such as Bitcoin, 'Lightning Networks', 'Ethereum', 'Dfinity' and more,".
HTC however is yet to announce the price of the smartphone but the company is reportedly considering accepting cryptocurrency as a form of payment for the device.
