Samsung brings crypto features to cheaper Galaxy phones

Good news for Samsung users: The South Korean electronics giant is planning to roll out cryptocurrency and blockchain related features on more Galaxy phones. These are the plans.

Thresholds away

Samsung’s intention came to light through Business Korea. Samsung’s Blockchain Wallet application, introduced at the launch of the Galaxy S10 , is coming to cheaper models. The number of regions in which the application can be used is also expanded.

Chae Won-cheol, director at Samsung:

We are going to remove the barriers to take advantage of new possibilities by expanding the number of Galaxy models that support blockchain functions. Our service is now available in Korea, the United States, and Canada. Regions will be added.

At the moment the features are only available on the Galaxy S10. That model also has a built-in hardware wallet. Whether all features supported by the S10 also come to other models is unknown. The reporting seems to suggest that it is.

Samsung Coin?

The publication of Business Korea indicates that Samsung is in talks with (large) telecom companies, including SK Telecom and KT Corporation (formerly Korea Telecom). The idea is to work together to roll out blockchain-based services, such as digital identity management.

Samsung is working hard in the blockchain world. For example, the company in Europe recently registered the Samsung Deliver brand. Blockchain software is made for the transport sector under that flag. Another development is an investment in hardware manufacturer Ledger. The precise purpose thereof is still unknown.

At the end of April, rumors came along about Samsung’s own blockchain and coin. According to “someone who is familiar with the state of affairs within the walls of Samsung”, Samsung is developing its own Ethereum-based blockchain.

About Shawn Morrison 247 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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