HTC’s phone, the EXODUS 1, now allows users to directly swap between some within its native , the Taiwanese electronics giant announced Tuesday.
The new feature comes thanks to a new partnership that sees HTC add the liquidity protocol from decentralized exchange startup Kyber Network to its Zion Vault app.
The addition means users can swap between ERC-20 such as Brave’s Basic Attention (BAT) and MakerDAO’s DAI stablecoin, directly in Zion Vault, removing the need to first move to third-party exchanges. Swaps are entirely done on-chain, HTC said, adding that “fast and secure” crypto-to-crypto within mobile applications is key to streamlining the user experience.
Phil Chen, Decentralized Chief Officer HTC, told Coindesk:
“The ability to swap ERC-20 on chain in the Zion Vault without relying on third party exchanges is another step in empowering the user and maximizing security and privacy, which is at the center of the EXODUS mission.”
Kyber Network CEO Loi Luu CoinDesk last September that the firm aims to open up ERC-20 to wider use cases, so they can be “seamlessly used for payments, as collateral for lending, investing in funds and so on.” ERC-20 is an standard widely used to build crypto .
In today’s announcement, HTC said Kyber’s protocol allows decentralized swaps to be integrated into any application, including wallets, vendors, websites and decentralized applications (dapps).
HTC is further to launch another phone this year, Chen revealed in late April. Last week, he new details indicating that the upcoming EXODUS 1s will be a low-cost option and will notably be capable of acting as a full node for the network.
“We think that’s foundational to the whole decentralized internet and just the whole fundamental premise,” he said. “If you don’t own your keys, you don’t own your , you don’t own your crypto.”
Chen said that, while the would be large to on a cellphone, as is required for nodes, he “expects” HTC would provide sufficient memory, explaining:
Imagine the iPod with 256 gigs … of course the music fan wants to keep the whole music library, but the crypto fan wants to keep the whole .”
The EXODUS 1s is expected to retail for between $250 and $300.
Exodus phone image courtesy of HTC
Published at Tue, 14 May 2019 09:16:24 +0000
