HTC Has Added In-Wallet Crypto Swaps to Its EXODUS Phone

HTC's blockchain phone, the EXODUS 1, now allows users to directly swap between some cryptocurrencies within its native wallet, the Taiwanese electronics giant announced Tuesday.

The new feature comes thanks to a new partnership that sees HTC add the liquidity protocol from decentralized exchange startup Kyber Network to its Zion Vault wallet app.

The addition means users can swap between ERC-20 tokens such as Brave's Basic Attention Token and MakerDAO's DAI stablecoin, directly in Zion Vault, removing the need to first move tokens to third-party cryptocurrency exchanges.

Swaps are entirely done on-chain, HTC said, adding that "Fast and secure" crypto-to-crypto trading within mobile applications is key to streamlining the user experience.

"The ability to swap ERC-20 tokens on chain in the Zion Vault without relying on third party exchanges is another step in empowering the user and maximizing security and privacy, which is at the center of the EXODUS mission."

Kyber Network CEO Loi Luu told CoinDesk last September that the firm aims to open up ERC-20 tokens to wider use cases, so they can be "Seamlessly used for payments, as collateral for lending, investing in funds and so on." ERC-20 is an ethereum standard widely used to build crypto tokens.

In today's announcement, HTC said Kyber's protocol allows decentralized token swaps to be integrated into any application, including wallets, vendors, websites and decentralized applications.

HTC is further planning to launch another blockchain phone this year, Chen revealed in late April.

"Imagine the iPod with 256 gigs of course the music fan wants to keep the whole music library, but the crypto fan wants to keep the whole bitcoin blockchain."

The EXODUS 1s is expected to retail for between $250 and $300. Exodus phone image courtesy of HTC..