New Foxconn Phone

Foxconn Technology Group grew into the world’s largest

electronics manufacturer for hire by churning out best-

selling products such as iPhones, Kindles and PlayStations.

Now, it’s deploying that power to bring cryptocurrencies to

the masses.

A subsidiary of Foxconn has agreed to help develop and

produce a blockchain phone from Sirin Labs, according to

the startup. The new device, called the Finney, is designed

to help owners securely store and use digital coins such as

Bitcoin, as well as related services.

While millions of people have bought Bitcoins, relatively few

bother to use them for daily transactions. To prevent theft,

owners have to keep the coins on special memory sticks

until needed, then remember user names and passwords

that can be dozens of characters long.