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  • Electroneum launched the new smartphone, named M1, in the Mobile World Congress taking place in Barcelona.
  • The phone is Google Mobile Services (GMS)-certified and comes with crypto mining capabilities.

Electroneum, a UK-headquartered blockchain company, has launched an $80 Android-based smartphone capable of cryptocurrency mining. The phone, named “M1,” is Google Mobile Services (GMS)-certified and comes with crypto mining capabilities. As their official Twitter account announced this Monday:

“Today we are delighted to announce the launch of the #Electroneum M1 phone – the $80 #android #smartphone that pays you back.”

Electroneum’s founder and CEO Richard Ells said:

 “With our experience in tech, we were able to gather a world-class team consisting of telecommunications, manufacturing, emerging area mobile-operators, product design, and marketing specialists, all helping to make this utopian vision of ours a reality.

Without the broad range of talent and expertise, we could never have imagined the possibility of making a product of this caliber accessible for anyone in the world, and we are extremely proud of the result.”