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HTC announces smartphone integration of Binance Chain

Biraajmaan Tamuly

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Source: Pixabay

With the increasing use of smartphones, so is the use of cryptocurrencies across the globe. Recently, HTC announced Exodus 1, in an attempt to make the use of cryptocurrency and blockchain easier for the masses. Binance, the Malta-based crypto-exchange, has now joined HTC’s project, with the smartphone giant revealing its plan to provide support for Binance Chain.

Binance Chain will be added to the latest edition of its blockchain mobile, paving the way for effectively supporting the world’s largest exchange by volume, and its native token. The EXODUS 1 Binance edition will be integrated with Binance Chain by using the native application of HTC smartphones – Zion Vault wallet app. Here, it is important to note that crypto-hobbyists and traders will get the opportunity to get their hands directly on Binance’s DEX platform using the phone.

Addressing news of the integration, HTC’s Decentralized Chief Officer, Phil Chen, stated,

“Binance is one of those fearless companies that challenge traditional financial systems and how things are done.”

The integration of Binance with EXODUS 1 will empower users to enjoy the speed and efficiency of the smartphone, while also being safeguarded by the cryptocurrency hardware wallet, EXODUS 1 – Binance Edition. Talking about this development, Binance CEO Changpeng Zhao said,

“Smartphones will play a key role in the mass adoption of crypto and smartphones are the most natural devices for a hardware wallet that is simple to use and always with you.”

This is yet another step in Binance’s rapid expansion plans to maintain its position as the world leader. HTC’s own crypto-initiative is also a fresh step towards crypto-adoption across the globe.

Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.