Cryptocurrency seems to be all the rage these days. From mining-related GPU shortages to the growing Ethereum currency, and the rise of Bitcoin as a cryptographic superpower.

This is where Sirin Labs comes in. Named after the late, Hal Finney (who received the first Bitcoin transaction from its creator), The Finney will be the world's first phone supposedly safe enough to hold all of your cryptocurrency.

The phone, unfortunately, is not available yet as the company will be doing a crowdsource to raise funds for the production of the device. In addition to the Finney phone, Sirin is also launching an all-in-one Finney PC. These devices are capable of forming their own blockchain network. However, it will differ from other blockchain networks in that it lacks centralized backbones. The devices will rely on what they call SRN tokens and, in fact, you can only buy the Finney with SRN tokens by exchanging standard currency or cryptocurrency for these tokens to buy the device.

The phone Will be powered by a customised version of Android, dubbed Shield OS for security purposes. It's specifically developed for storing crypto wallets in mind.

Like Apple's iPhone X, the Finney will be priced at $1,000. What do you get for all those dollars? Specs include:

  • A 5.2 inch 2560x1440 display
  • 256GB storage
  • 8GB of RAM
  • Bluetooth 5.0
  • Traditional amenities such as a 12MP selfie cam, and 16MP rear-facing camera.

All of this begs the question: who is the Finney phone for? Probably not you. That hefty price tag is really only for the hardcore cryptocurrency traders, but even then, will they even buy it? Crowdsourcing phones have usually turned out to be huge failures, and even if they managed to get out on the market, the products were disasters like the Celurean Windows Phone or the Nextbit Robin. But then again, we're talking about the same folks that made a $14,000 phone for celebrities and the like to store their most private data. Niche devices for the niche user seem to be the speciality of Sirin Labs.

What do you think? Would you buy something like this? Let us know in the comments below.

via Engadget