HTC’s New Limited Edition Smartphone Supports Binance Chain
- The Exodus 1 Binance Edition will integrate its native crypto wallet app with Binance DEX.
- Soon to be made available on the HTC website, and priced at $599, the phone could be purchased through cryptocurrency.
Image of the back of HTC U11. ZDNet
Smartphone manufacturer HTC will be launching a new limited edition of its Exodus 1, which will provide support for Binance Chain, the company announced in a blog post on 12 November.
According to the report, this limited edition blockchain phone will be the world’s first to integrate Binance’s blockchain, providing support for its decentralized exchange and token.
The Exodus 1 Binance Edition will integrate its native crypto wallet app, the Zion Vault, with Binance DEX, which will allow its users to trade on the platform through the phone itself.
Phil Chen, HTC’s Decentralized Chief Officer, said in the blog post:
“We are excited to be supporting the Binance Chain and its DEX, which provides our community with the biggest spread and most liquid crypto exchange along with the trust minimization principle of empowering users to own their private keys and manage their personal bitcoin node comprehensively.”
The new phone will also come with the Binance app and Binance’s Trust Wallet already installed on the device. It will soon become available on the official HTC website, priced at $599, and will also be available for purchase through cryptocurrencies.
Changpeng Zhao, Binance’s CEO, said that smartphones are the “most natural devices” to be used for hardware wallets, as users are always holding on to them.
CZ further said that:
“The implications are profound and far-reaching. The most innovative smartphone makers are racing to adopt crypto. We are delighted to support and work with HTC EXODUS to make sure its users can access Binance Chain and DEX to help people access crypto and exchange anywhere.”
Last month HTC launched its Exodus 1s blockchain smartphone, which had a built-in hardware wallet and the capability of supporting a full Bitcoin node, provided that customers added an extra SD card to expand its memory.
Thanks to its built-in hardware wallet, the phone could hold multiple cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Binance Coin (BNB).
- The popular crypto exchange has decided to sell its business in Russia to CommEX, a crypto exchange business that was officially launched on Tuesday.
- Binance noted that it will fully exit the Russian market, and have no ongoing revenue split or any option to buy back shares in the business.
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- The company said it will be suspending its crypto-backed debit card service in the Middle East on 25 August, and in Latin America by 21 September.
- Although no reason was given for the decision, the company noted that “less than 1% of users” in those regions will be affected by the change.
- A spokesperson said the change was due to the “changing market and user needs”, and that Binance will now be refocusing its resources on its main products and long-term goals.
- Launched in March 2022, Binance Connect helped crypto businesses connect with the traditional finance system, and supported 50 cryptocurrencies and networks such as Visa and Mastercard.