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Sirin Labs, MyEtherWallet unite to integrate Finney

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Sirin Labs, the Finney blockchain phone developer, has teamed up with MyEtherWallet to integrate for both companies.

On Wednesday, according to Finance Magnates, as part of this transaction, the ethereum wallet generation service will be deployed in the Finney built-in cold (stand-alone) wallet.

MyEtherWallet users will also be able to purchase a smartphone through the web platform and the wallet service application platform. According to the report, the company also sees in the agreement an opportunity for Finney users to more easily access to the air (ETH) and control their private keys.

According to Zirk Landau, CEO of Sirin Labs, integration is a step towards "increasing market share for both companies, since these two products complement each other."

MyEtherWallet confirmed the new relationship on Twitter on Thursday.

As was described in detail in November, the Finney phone focuses on the secure storage of the owners cryptocurrency. In particular, it provides a cold (autonomous) wallet for storage, which, according to the company, CoinDesk is actually the second device hidden in the phone case. The wallet even boasts a separate processor, and users will interact with it through the second LCD screen – the only place where you can enter security phrases.

Finney is also designed to simplify the use of cryptography and will perform conversion between different tokens as needed by users when working with different applications, although at launch the choice of tokens was limited. Earlier this month, Sirin updated the phone to support all ethereum ERC-20 tokens, as well as dash and litecoin.

The phone works on a modified version of Android called SirinOS, which is designed taking into account the functionality of the blockchain.

Other features include a physical switch to ensure wallet security, encrypted communication and three-factor authentication, according to the Finney website.

The Israeli company said that last year it raised more than $ 157 million through the initial offer of coins (ICO) to finance the development of the device.

The founder and CEO of MyEtherWallet, Kosala Hemachandra, said in a report yesterday:

“We believe that having a hardware wallet on the phone is extremely valuable to users. This will not only simplify the sending and receiving of crypto transactions, but also make crypto access more accessible to a wide range of users. ”

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