Why HTC is Only Accepting Bitcoin and Ethereum for its First Blockchain Phone


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Taiwanese consumer electronics giant HTC has officially launched its first blockchain phone, which will be sold exclusively in crypto.

Called Exodus 1, the blockchain mobile phone of HTC is available to consumers at a fixed price of 0.15 Bitcoin (ETC) and 4.78 Ethereum (ETH), nearing the price of the new iPhone XS that has a starting price of $999.

The Exodus 1 is sold at around $975 based on the current price of Bitcoin at $6,500. However, as the price of BTC rises, the price of the phone will also increase substantially. BTC was valued at $10,000 less than four months ago, and if BTC reaches the $10,000 resistance level in the months to come, the value of the Exodus 1 could surge to $1,500.

Why Pegged to BTC and ETH?
The primary feature of the Exodus 1 is its security. It has been developed to operate as a hardware cryptocurrency wallet, allowing users to safely store digital assets in the local wallet of the phone.

In July, Samsung, the largest electronics manufacturer in Asia, revealed that mobile phones are significantly more secure in processing cryptocurrency payments than alternative devices and platforms such as desktop and the web because of the existence of a trusted ecosystem called the Trusted Execution Environment (TEE).