In the last few days, there has been a lot of excitement within the crypto industry at the prospect of currency support being put on the latest Samsung Galaxy S 10 for 33 different tokens. This was a sign of the growing relevance of blockchain and cryptocurrency in the smartphone industry and for many, was only a stepping stone to greater progress. Smartphones are one of the most widely used pieces of technology and embedding blockchain and cryptocurrency into that space would be highly beneficial.
Now, blockchain and crypto enthusiasts have even more reason to celebrate as it was announced on September 3, 2019, that Huobi will be launching their blockchain-powered smartphone called the Acute Angle in southeast Asia by next week.
Huobi and Phones
While the Chinese cryptocurrency exchange will be launching their phone in Southeast Asia in the coming week, they have already launched their phone in China and the upcoming release will be part of the sixth Huobi Prime Launch. The phone supposedly will be priced at $500 and can be bought using HU tokens, which is the exchange’s native token.
The new phone is android-based and was developed by Huobi’s Whole Network Project. Following next week’s launch, the firm intends to distribute the phone across Southeast Asia in the latter part of 2019 and if the phone does well enough, there are plans to expand into Europe and possibly the United States as well. This is not the first blockchain-powered smartphone that will hit the market as the Exodus phone also did so about a year ago which was the first blockchain-based smartphone to ever be released.
These developments are seen as a starting point for more blockchain-related initiatives to grow within the mobile phone industry and so far, they show no signs of slowing down.
“As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices,” said Livio Weng, Huobi Global’s CEO.