Intel launches blockchain chip to tap crypto boom

FILE PHOTO The Intel Corporation logo is seen on a display in a store in Manhattan New York City U.S. November 24 2021. REUTERSAndrew Kelly

FILE PHOTO: The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly

(Reuters) - Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies.

The chip will ship later this year and the first customers include Block Inc, the Jack Dorsey-led firm that recently changed its name from Square Inc to highlight its growing focus on the blockchain.

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