Sirin Labs (SRN), the startup that has just sent out its first Finney smartphones, has refuted the claims in a recent Bloomberg article that it may soon abandon the production of devices. The company explained it had orders lined up for the blockchain-based phone and hoped for robust sales, but in case the market is unfavorable, production may shift to software.

However, Sirin Labs still anticipates success for its hardware devices.

“As for the quote reported in another media, it relates to a specific scenario we were asked about in which there a…

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