On November 12, smartphone developer HTC announced the release of the EXODUS 1 special edition smartphone that will integrate the Binance chain and have support for the DEX exchange with the device’s native Zion Vault wallet app.
Phil Chen, HTC‘s Decentralized Chief Officer, shared in the press release that the company is “partnering with the biggest and most liquid crypto exchange” to change the way users interact with exchanges and empower users “to own their own keys and run their own full bitcoin node.”
According to Binance CEO Changpeng Zhao, smartphones “are the most natural devices” that could serve as hardware wallets. Zhao also shared his excitement about potential use-cases of the HTC phone, as in his opinion, “the implications are profound and far-reaching” when a phone can serve as a POS terminal and a payment device, eradicating the need for middlemen.
The EXODUS 1 Binance edition price is set at $599 and can only be purchased with cryptocurrency. The previous edition of a cryptocurrency-friendly smartphone EXODUS 1 was first released in 2018.
As COIN360 previously reported, the blockchain devices market is projected to grow from 218 million USD in 2019 to 1,285 million USD by 2024, with a compound annual growth rate of 42.5%.