The British blockchain start-up Electroneum has introduced a new smartphone with integrated mining and cryptocurrency storage, called M1, and the price for it starts from $ 80.
The Electroneum project is intended for people who do not have access to the banking system. Using the ETN coin, a startup offers to pay for daily purchases, and users do not need a bank account to transfer digital currencies to their smartphones.
The price of the smartphone presented at the World Mobile Congress (MWC) was reduced to the maximum to make the Electroneum M1 more affordable. It supports two SIM cards, 4G networks, has two cameras and 8 GB storage. But the main "chip" of the smartphone is the possibility of cloud mining. Every month, users of the device will be able to receive up to $ 3 through mining. You can spend these funds to purchase packages of traffic, minutes or other online products.
The project also announced a partnership with a South African financial provider and The Unlimited virtual mobile operator.
“We conducted a survey and it turned out that 97% of respondents would like to spend ETN to purchase packages of traffic and minutes. This gives ETN real-life value, which is necessary for the mass adoption of cryptocurrency. This is a major step for us and an amazing new chapter in the history of Electroneum. The Unlimited shares our views, they, like us, want to improve the lives of people in South Africa, ”said Richard Ells, head of Electroneum.
Recently it became known that the new mobile flagship Samsung Galaxy S10 has received a special storage of private keys for cryptocurrency wallets. The public is still awaiting the release of the blockchain-smartphone HTC Exodus, which was announced back in May last year.
