Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Solana intends to launch its own blockchain smartphone


June, 24 2022
watermark Economic news

Cryptocurrency Solana has grown by almost 25% in a week. Analysts note that none of the top 10 cryptocurrencies can boast of such a result. The current price of the digital currency is $40.90. The recent low was at $25.96.


It is noted that SOL has grown not only against the backdrop of a general recovery in the cryptocurrency market, but also thanks to its own development by Solana Labs, which announced the release of its own smartphone «Saga» based on Android.


This device will have special features such as a crypto wallet and the Solana Mobile Stack (SMS) software suite for Web3 programs. The smartphone will cost around $1,000 and will be available in early 2023.


The smartphone will also have a Web3 dApps mobile app store (decentralized application), which integrates the Solana Pay function. This service will allow you to make payments online using QR codes. In addition, the phone will be equipped with a built-in mobile wallet and storage to ensure security.


According to Sam Bankman-Fried, CEO of cryptocurrency exchange FTX and one of SOL's key proponents, everything in the world is going mobile. However, the development of mobile cryptocurrencies is behind its time and the best solution was to put a real wallet in your smartphone.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.