SIKUR — a German cybersecurity company — just launched the SIKURPhone, which bears a built-in cryptocurrency hardware wallet, at the Mobile World Congress in Barcelona, Spain. SIKUR will deliver the phone to its customers by August 2018. For now, the price for one phone is $799 USD, and only 20,000 phones will be available in the pre-sale at this price.
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Mobile Manufacturers Target Crypto Space
SIKUR’s GranitePhone, a predecessor of SIKURPhone, was launched in 2015 and offered “impenetrable security.” Now SIKUR is launching an encrypted smartphone that’s specifically designed to take protecting cryptocurrency holdings to the next level.
SIKUR’s CEO Cristiano Lop noted:
“At the end of second quarter of 2018 we will deliver a crypto wallet inside our platform, expanding the wallet use beyond SIKURPhone, it means that our customers should be able, through a physical device, to securely store their cryptocoins.”
Other phone providers are wanting in now, too.
Archos, the French multinational electronics company that manufactures Android phones and tablets, recently revealed its plan to introduce a cryptocurrency hardware wallet. Its cryptocurrency wallet is named Safe-T mini, which will be available in the market in June 2018 and will be priced at about $60.
SIKURPhone — the Unhackable?
Storing cryptocurrencies on exchanges has proved to be risky. Recently, hackers stole over $500 million from Coincheck — a Japanese popular cryptocurrency exchange.
To avoid such catastrophic failures, SIKUR hired white-hat hacker firm HackerOne to ensure that SIKURPhone is unhackable. Indeed, after repeated tests, hackers reportedly failed to penetrate the security barrier on the encrypted phone.
In case one loses its device, SIKUR will remotely erase all data from the phone. It also will safeguard cryptocurrency assets on the phone as private keys are stored on their cloud servers.
Notably, the SIKURPhone runs on the Android operating system, which is custom modified for the phone. Also, users can not access Play Store directly; it has to go through the SIKUR team to download apps onto the phone. To this end, SIKURPhone is explicitly designed for a specific audience who wish to safeguard their data; in this case, their crypto assets.
Should more hardware wallets start springing up? Let us know your views in the comments section below.
Images via SIKUR, Mashable