Exodus 1s enables use of cryptocurrencies at lower price than predecessor

Taiwan News
Date: 2019/10/21
By: Sally Jensen, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — On Monday (Oct. 21), HTC introduced its new blockchain phone Exodus 1s, which supports the use of cryptocurrencies.

The Exodus 1s is a smaller, low-priced version of HTC's built-in hardware wallet Exodus 1. The new smartphone has hit the market at a price of NT$5,990 (US$244), which is about a third of the cost of its predecessor. The Exodus 1 initially retailed at 0.15 bitcoins (NT$37,796), similar to the high-end iPhone or Samsung Galaxy, before being sold in dollars.

The new phone is targeted at people wishing to enter the world of encrypted virtual currencies and utilize blockchain technology but who might be hesitant about buying expensive flagships from the likes of Apple and Samsung. The Exodus 1s will be compatible with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB), and BitCash (BCH).

HTC claims the 1s will transfer financial services to individuals. “We are providing the tools for access to universal basic finance; the tools to have a metaphorical Swiss bank in your pocket,” said Phil Chen, chief decentralized officer at HTC, in a statement.    [FULL  STORY]