Sirin Labs’ is making progress on Finney, a “blockchain smartphone” with a cold storage crypto wallet the company claims will be the only one secure and safe enough to hold cryptographic coins.
Today, Bancor — the decentralized liquidity network that allows you to hold any Ethereum token and convert it to any other token in its network — announced that it will partner with Sirin Labs, allowing Finney owners to switch between relevant tokens directly on their smartphone.
This news marks an interesting milestone for the company, following its raise of over $150 million through its initial coin offering (ICO) and an earlier announcement that the device will come preloaded with the Status mobile Ethereum chat and browsing client.
Both Bancor and Sirin Labs have enjoyed sizeable interest from their respective communities. Bancor also raised over $150 million in June 2017 and recently detailed its progress exclusively to VentureBeat, explaining its evolution in the six months following its ICO.
Over 50 token projects have now joined the Bancor Network, including Power Ledger, WAX Token, and SENSE. Of course, the cryptocurrency on most people’s lips is Bitcoin. Does Bancor have any plans to incorporate BTC in the future?
“Bitcoin? Yes,” Bancor cofounder Guy Benartzi, told me, “as part of inter-blockchain interoperability, which is a major part of our 2018 roadmap.”
Today’s announcement means Sirin’s token — SRN — will join the fray as a Bancor-compliant Smart Token equipped with $1 million in liquidity.
Finney’s integration with Bancor serves two functions.