Happy Freedom Month!
Hello everyone,
Ghana is celebrating 62 years of independence this month and in the spirit of Independence, we would like to celebrate this month as the month of Freedom. In this newsletter we would be addressing the newest flood of crypto and blockchain phones into the market and what that means for the blockchain industry today.
Phones with crypto and blockchain related attributes are flocking in. The Samsung Galaxy S10 does have a cryptocurrency wallet built in but also support for decentralized applications (dapps), as well as support for Cosmo Coin, the token powering the South Korean blockchain beauty review dapp Cosmee.
The phone also offers support for dapps, one of them being Cosmee, which lets users earn Cosmo tokens in exchange for leaving beauty reviews in the app. Additionally, Samsung has announced support for contactless payments using cryptocurrency, according to The Verge.
Meanwhile, Pundi X has announced a redesign of their XPhone along with new features such as the X button, which allows users to switch to the dapps on the blockchain mode with a press of the button. On the blockchain mode, the services in the XPhone can operate independently of centralized carriers, so that users can route phone calls, messages, and data via blockchain nodes without the need for centralized service providers.
HTC also announced at the Mobile World Congress in Barcelona that they will be opening to non-cryptocurrency sales of their Exodus 1 phone in March. For now, the phone is still exclusively sold online, however, the company is reportedly in talks with carriers regarding selling the phone in their stores. The phone now also supports multiple dapps.
Electroneum joined the game with a phone they named Electroneum M1. It is currently unknown who will manufacture the phone, but the team promises access to ETN cloud mining. According to their website, users will receive up to USD 3 worth of ETN per month by running the cloud mining application. It is an Android device running version 8.1 Go, powered by a Quad Core 1.3Ghz CPU and supports the 4G broadband cellular network technology and dual SIM cards. Most notably, the phone is available for a price of USD 80, the cheapest option on the market.
All these phones project a future where digital currencies are a normal and understand part of life and it is a future we are very much looking forward to.
In other news, earlier in February, J.P. Morgan became the first major U.S. bank to create its own cryptocurrency with the launch of “JPM Coin”. The digital token was designed to settle transactions between clients of its wholesale payments business, specifically for international payments and securities transactions that migrate to the blockchain. This is a major step in making cryptocurrency a part of our everyday lives. We may be watching history in the making
We will update you soon on the release of our new Mazzuma app and the proposed listing date for the MAZ token. For all information and regular updates, do keep an eye on our socials (Facebook, Twitter, Instagram, Telegram)
