SAMSUNG TO IMPLEMENT BLOCKCHAIN AND CRYPTOCURRENCY FEATURES ON BUDGET SMARTPHONES

May 15,2019 at 08:44 pm



Samsung, South Korean electronics giant is set to implement cryptocurrency and blockchain features to more phones across its Galaxy range.


Chae Won-Cheol, senior managing director of the product strategy team at Samsung Electronics' Wireless Business Division, reportedly said:

“We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions. We will also expand our service target countries after Korea, the United States and Canada.”


The Samsung Blockchain Wallet is currently only available on Samsung’s recently launched flagship phone range, the Galaxy S10. The S10 additionally comes with blockchain features such as digital signing and decentralized apps (dapps), which the report appears to suggest may also be added across the Galaxy range.


The tech giant recently invested around $3 million in cryptocurrency wallet startup Ledger. It's glaring Samsung might develop its own blockchain network based on ethereum and may also issue a “Samsung Coin” token in the future. 

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