Smartphone powered blockchain technology launched in Rwanda

19 July 2019

Telecoms

The launching of smartphone powered by blockchain technology earlier this week in Rwanda made the news with a Singapore based startup technology company "Pundi X" unveiling the phone, XPhone, at the GSMA Mobile 360 Africa summit in Kigali.

The English daily 'The New Times' reported that unlike many phones powered by android, IOS and Windows systems, the XPhone is powered by Function X (FX) operating system – a blockchain system.

According to the newspaper, with XPhone, users are connected to the blockchain - everything they do from texting and calling to taking photos and browsing is transmitted via the blockchain.

Speaking at the launching of the new phone, Pundi X's chief executive officer, Zac Cheah, said the technology enables people to own digital money and transact between themselves without the presence of intermediary or central authority like financial institutions.

In an interview with the newspaper, Mr.Zac said the startup company plans to produce only 5,000 XPhones in late 2019, but that it was looking to partner with telecommunication companies to produce more blockchain phones.

Source: APA