Charlie Lee, the creator of Litecoin (LTC), has been announced as an adviser to the development of HTC’s “Exodus” blockchain phone following Mr. Lee’s recent tweet that stated he had met with the HTC team and that the Exodus phone will natively support LTC.
Also Read: Football Team in Gibraltar to Pay Its Players in Cryptocurrency
Charlie Lee Announces that HTC’s Blockchain Phone Will Support LTC
On the 30th of July, Litecoin’s creator, Charlie Lee, took to Twitter to announce that HTC’s upcoming blockchain phone, Exodus, will feature native support for LTC. First announced in May, HTC claims that the Exodus will be “the world’s first native blockchain phone dedicated to decentralized applications and security.”
Mr. Lee posted: “Met the HTC Exodus team last week and was really excited to hear the phone will support LTC and Lightning Network on Litecoin natively! I will be an advisor as I see having a secure crypto phone that makes LN simple is needed for mass adoption.”
The official Twitter account of the HTC Exodus confirmed Mr. Lee’s claims, replying to the Tweet with “One small step for @SatoshiLite. One giant leap for blockchain. Team @HTCExodus, @philchen913 @htc are honored to have Charlie Lee to join as our advisor.”
HTC Bullish on Blockchain and Crypto
Earlier this month, HTC indicated that the Exodus would be made available during Q3 of 2018. Phil Chen, the chief crypto officer at HTC, claimed that the company has already received “tens of thousands” of reservations globally.
Mr. Chen also shared his optimism regarding the outlook for the virtual currency and distributed ledger technology industries, stating: “Every 10 years, we see shifts [in technology],” he said. “We think that crypto and blockchain will be the next shift.”
“At some point, we’ll do our own utility token,” Mr. Chen added.
Distributed Ledger Technology Expected to Reshape Telecommunications Industry
At the start of the month, a report published by Research and Markets claimed that distributed ledger technology will add nearly $1 billion to the global telecommunications industry within the next five years.
HTC is not the only company preparing to launch a blockchain phone in coming months, with Sirin Labs’ “Finney” expected to arrive in November. The Swiss firm raised $157.8 through an initial coin offering (ICO) – at the time comprising the fourth largest to ever take place.
The third largest handset maker in the world, Huawei Technologies, has also expressed interest in entering the blockchain phone industry – with reports from March indicating that the company was in discussions with Sirin regarding the licensing of the company’s SIRIN OS operating system.
Do you think that so-called blockchain phones will have a significant impact on the telecommunications industry? Share your thoughts in the comments section below!
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