Whole Network Introduces Low-Priced Blockchain Phone
- Acute Angle can be bought with Huobi’s native token at approximately half the price of its competitor.
- Whole Network’s phone will use Android and will come with useful built-in blockchain functionality.
Huobi Global logo on a mobile phone screen. Huobi Global
It seems that the blockchain phone ‘concept’ is here to stay and will be made accessible to the masses in the form of a cheaper alternative announced by Huobi Global. The Acute Angle phone will have its debut in Southeast Asia with a U.S. and European premiere coming soon.
On Tuesday Huobi introduced the ‘Acute Angle’ blockchain phone with a starting price of $515. Whole Network, a Huobi-backed startup will produce the phone. In addition, Whole Network reported that their NODE token will be listed on Huobi Prime.
Acute Angle is seen as a low-priced blockchain phone because its competitors, namely the ‘Finney’ phone from Sirin Labs, costs $1,000. In the meantime, Whole Network’s phone can be bought via HT (Huobi’s native token) at approximately half of the price.
Currently Acute Angle is selling in China, while the launch for Southeast Asia is planned for Q4 2019. The phone is working with Android OS and is expected to be introduced in the U.S. and Europe any time soon but a specific date has not yet been announced.
Livio Wend, Huobi Global CEO shared his enthusiasm about blockchain-based phones:
“We think blockchain phones are a promising area for future blockchain industry development. 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.”
The Acute Angle phone will include crypto-friendly features such as a dapp wallet, push-trade notifications, the NODE native token and optional cold-wallet plugin. Acute Angle is the premier blockchain-based phone from Whole Network, but Huobi stated that they have future plans of a whole lineup which will include 5G capabilities.
When we talk about blockchain-based phones, Whole Network is joining the company of Sirin Labs and Samsung. Samsung actually added bitcoin capabilities into their Samsung SDK just last month.
- The head of China’s central bank digital currency institute said the e-CNY has undergone a major upgrade, and should be made available as an option in all retail scenarios.
- The PBOC official noted that platforms can integrate the CBDC in the short term using QR codes, and focus on upgrading their payment tools in the long run.
Office building of the People’s Bank of China. Flickr
- The team behind Multichain confirmed that their CEO was detained in China on 21 May, and that all of his electronic devices were confiscated by the local police.
- The CEO’s sister moved the project’s remaining funds to wallets under her control on 9 July, and several days later was also detained by the police, leaving the team with no funds.
- The Securities Commission Malaysia ordered Huobi Global to stop all of its activities in the country as it was not registered with the regulator, and was operating illegally.
- The exchange was also directed to disable its website and mobile applications, as well as cease all advertising of its products and services in the country.