Solana intends to launch its own blockchain smartphone

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.