HTC launches a blockchain-based phone (but you need cryptocurrency to buy it)

The Exodus 1 goes up for preorder – if you have 0.15 Bitcoins hanging around…

HTC is a manufacturer that’s not had the best of times in recent years, and in the smartphone arms race, it’s falling behind the likes of Apple and Samsung more and more. As such, it’s taken a few gambles. And one of them is its latest phone, that’s zeroed in on blockchain.

Entitled the Exodus 1, the new phone was teased earlier this year, and it comes with a separated-off area on the phone’s chip, to squirrel away cryptocurrency securely. As per HTC’s Phil Chen, “think of it as a micro OS that runs in parallel with Android… it basically is a wallet, but the wallet, what it does is hold your private keys”.

HTC chose to segment the area off due to concerns over the Android operating system for storing cryptocurrency. Furthermore, the Exodus 1 will also utilise applications that are decentralised too, and that work on the blockchain.

There are traditional phone functions too, including a 16MP main camera, a six inch display, 6GB of RAM and 128GB of storage. And for one further twist, HTC is available for pre-order, but for the minute, you can only use cryptocurrency to buy it. The asking price is just shy of $1000 (so it’s up there with the premium devices in the market on that level), but you’ll need 0.15 Bitcoins or 4.78 Ether tokens to secure your device.

HTC is looking to ship the Exodus 1 in December of this year, across 34 different countries (China not included). As we get more information, we’ll let you know.