FIH Mobile Limited, a subsidiary of Swiss-Israeli technology company Syrn Labs and Foxconn, will be the first blockchain technology based smartphone maker in the world.

The smartphone named Finne will preserve the digital currency like Bitcoin safely, said Syrion Labs. Reuters reports that the smartphone can be traded without any 'fees'.

This smartphone can convert tokens automatically for applications that come from different places. In this case, there will be no need to keep a different token from any digital currency exchange center.

In December 2007, the company was able to collect an estimated 15.78 billion dollars through offering initial coins. They take this step to support the creation of an open blockchain smartphone and blockbuster personal computer.

Syrians are planning to sell this device in eight new stores in Vietnam and Turkey. Meanwhile, more than 25,000 pre-orders have been found for this, Bloomberg said.

The report has revealed that it will be possible to sell the phone from one lakh to a few million.