The mobile phone manufacturing giant, HTC, has now decided to enter into the crypto mining realm. For the past years, the company has taken keen interest in the application of the blockchain technology in mobile phones.

Its flagship blockchain phone, HTC Exodus has reportedly partnered with Midas Labs to make crypto mining available to mobile phone users for the first time. Through the DeMiner app developed by Midas Labs, users can now mine crypto on their smartphones. The DeMiner app will be available for download in the second quarter of this year.

According to the Decentralized Chief Officer at HTC, Phil Chen, Bitcoin and mobile phones are the most important and impactful technology inventions in this modern world. He said he counts himself lucky enough to be involved on the frontlines of both these technologies. He claims their decision to take this move was to further decentralize and create a more inclusive monetary system.

Chen added that, the mature development of power-saving software on mobile devices, as opposed to high-energy-consuming laptops and desktops, makes mining on mobile more efficient, effective and profitable. He said the mobile phone has become the primary computing device of the masses, and making it accessible to everyone empowers them.

Jri Lee, founder and CEO of Midas Labs and a professor of National Taiwan University also commented about the deal. According to him, crypto mining should never be limited to centralized farms or giant miners. He said mining on mobile and other personal devices perfectly fits the main purpose of blockchain, which is decentralization.

HTC has chosen Monero (XML) as the crypto to begin their mining journey with. Being privacy-focused coin, the company believes it will be helpful in its aim to further decentralize cryptocurrencies through the proliferation of mobile devices.

However, Monero is a coin that many regulators have had concerns with, causing many exchanges to delist from their platform. They believe the coin is being involved in illicit activities due to its high level of anonymity.

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