Firm to Deliver Blockchain-Based Phone With ‘Cutting-Edge’ Protocol

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A blockchain project says it is about to start delivery of the first-ever smartphone to offer full encryption with a voice-over blockchain protocol.

A blockchain project that claims it offers the “new financial era” to users says it will soon start delivering the world’s first smartphone with a voice-over blockchain protocol (VOBP).

KaratGold says the IMpulse K1 eliminates third-party companies and services by offering technology that enables users to communicate with full encryption — ensuring texts, documents, videos and recordings remain fully private at all times.

To ensure that a user’s personal details, files and cryptocurrency are safe if a device is lost or stolen, owners have the opportunity to retrieve their encrypted information from the blockchain.

KaratGold says the goal of the IMpulse K1 is to place an emphasis on privacy and security — all while offering a device that is truly borderless and free of fees when crypto transactions are being performed. It also offers the state-of-the-art specifications that everyday consumers have come to expect. Boasting a 5.5-inch AMOLED touchscreen, a dual nano-SIM and high-quality cameras on the front and back, the smartphone has been built to deliver the everyday functions that are taken for granted in the 21st century — plus a little more.

Welcoming merchants

The IMpulse K1 is among a network of products that are designed to contribute to a “global infrastructure” — building meaningful and lasting connections between blockchain-based financial systems and conventional networks.

To this end, KaratGold has also devised K-Merchant, a platform that offers a secure payment gateway for everyday retailers. As well as enabling businesses big and small to accept purchases made using top digital currencies such as Bitcoin and Ether, along with its native KaratGold Coin (KBC), the system provides an intuitive dashboard that delivers the insights and data that entrepreneurs can use to discover their strengths and weaknesses, grow demand, and spot new opportunities. In an acknowledgment that switching to new payment solutions can be an arduous process, the company says it provides “blazing fast enrollment” through easy-to-understand online forms.

According to KaratGold, accepting payments has never been made this simple. Consumers can complete purchases instantly, with no need to reenter their card details more than once. Merchants can personalize the checkout experience with their logo and branding, safe in the knowledge that K-Merchant offers PCI-DSS compliance and 24/7 fraud monitoring. It can also be integrated into popular e-commerce services such as Shopify through customizable modules. For added peace of mind, K-Merchant helps retailers that will be able to satisfy demand even during peak times such as Black Friday. Next, to online payments, K-Merchant can be integrated and used at every point of sale.

A product universe

KaratGold also offers a hybrid cryptocurrency and gold exchange, known as KaratBit, which provides enthusiasts with the ability to benefit from the high-frequency trading of coins and precious metals. The company says its easy-to-use interface is ideal for professionals and beginners, and an array of order types ensure that traders can protect themselves no matter what the market may bring next.

Elsewhere in the ecosystem, the company is developing a network of ATMs for CashGold (CashGold Exchange Machines), a “user-friendly payment system where small gold bars are represented on a specific type of paper resembling a bank note” — enabling consumers to access the assets they want on demand.

The company began life as Karatbars International in Stuttgart, and it was founded by Harald Setz, a German entrepreneur with more than 35 years of experience.