If rumors are to be believed, Huawei, the Chinese smartphone maker is in talks with Sirin Labs to bring its handset into the cryptoverse, to incorporate the Swiss company’s cold storage wallet along with its system to instantly convert fiat to crypto. This comes at a time when, in the US, at least one regulator is insisting carriers drop Huawei out of security concerns.
The story said, “China’s Huawei Technologies Ltd is considering developing a mobile phone that will be able to run blockchain-based applications, according to two people familiar with the plans,”
Sirin Labs has been known for its 2016’s Solarin smartphone, retailing for $16,000, and, now the successful initial coin offering (ICO) last year is in full swing to bring The Finney, the smartphone to the market, which will include an embedded cold storage function and a way to automatically convert fiat to crypto. As per the Sirin reports, preorders for the phone are already more than 25,000.
According to the reports,
“The plans would mark the first foray of a major smartphone maker into blockchain, the decentralized ledger used to record cryptocurrency transactions, potentially bringing the technology closer to the mass market,”
At this time of the year, Huawei is being a subject of increased caution as per the US regulators such as the Federal Communication Commission (FCC), who believe that this company may turn out to be a security, espionage threat. In fact, FCC chairman Ajit Pai released a statement proposing block the funds of the people who use Chinese companies like Huawei. He requests abandoning “the use of money from the FCC’s Universal Service Fund to purchase equipment or services from companies that pose a national security threat to United States communications networks or the communications supply chain.”
This is quite in sync with his earlier statement to congress where he insisted lawmakers consider the “security threat that Huawei and other Chinese technology companies pose to our communications networks.”
If the smartphone, cold storage wallet collaboration goes ahead, then there are chances that it will never see the US market as a result.
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