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HTC is pinning its blockchain and cryptocurrency hopes on Phil Chen, who was the creator of the company's Vive VR headset.

It's reported that HTC is pondering the idea to accept cryptocurrency as a form of payment for the device, but no price has been set.

"Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more", Chen said on the integration of blockchain applications with the phone's hardware.

HTC has followed in footsteps of Sirin Labs who announced a blockchain powered smartphone a year ago. Marking the first from an established smartphone company, HTC has officially announced that it's working on a blockchain-powered smartphone. It will be a block-chain based smartphone that will be "dedicated to decentralized applications".

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According to reports, HTC is planning to create a native blockchain network where Exodus will work as a nodal point to facilitate the trade of cryptocurrencies amongst its Exodus users. For more information about the Exodus, you can register/reserve an one with your name and email at the landing page for the phone. Moreover, it is expected that some more partnerships will be established later in order to support the entire blockchain ecosystem.

HTC isn't the first to tout a blockchain phone.

The Exodus has no specifications, though it does include some highly-marketable and probably fictitious design schematics that make it abundantly clear this is a very technical product. As a consumer, the advantage of using Exodus, or any blockchain phone, is that you can get better security and access to integrated cold wallet storage directly on the device. This would be the second Blockchain smartphone, behind Sirin Labs Finney smartphone that is priced at $1000. The company has also included a few advanced security features and claims the phone is virtually "tamper proof".