Foxconn to manufacture blockchain phone from Sirin Labs

FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen at its headquarters in New Taipei City, Taiwan June 12, 2017. REUTERS/Eason Lam/File Photo GLOBAL BUSINESS WEEK AHEAD

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.