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Samsung Galaxy Crypto wallet becomes a built-in feature for budget phones

Maya Mandz | May. 14, 2019
Samsung Galaxy Crypto wallet becomes a built-in feature for budget phones

May 14, 2019, | AtoZ Markets - A few months later since Samsung S10 Crypto Wallet smartphone introduction, the South Korean giant announced its plans to expand the application of blockchain and cryptocurrency functions, which were loaded onto the Galaxy S10, to other Galaxy models such as the budget Galaxy phones.

The tech giants contribute to the blockchain expansion

Since Samsung’s Galaxy S10 and HTC’s blockchain phone Exodus 1 appearance, the further blockchain market’s expansion has become just a matter of time.

The Taiwanese mobile company HTC, in its turn has recently announced that their blockchain phone EXODUS 1, released in May 2018, now allows users to directly swap between some cryptocurrencies within its native wallet. Earlier, in February 2019, the blockchain-oriented smartphone paired with Opera web browser to give its users access to the browser’s built-in cryptocurrency. Back then the mobile giant also reported adding support for several DApps.

Last summer, Samsung SDS launched its own blockchain platform for banks as a joint project with the Korea Federation of Banks. Along with the latter project the company launched a further blockchain implementation that targets the logistics industry.

It seems that both companies are expected to further popularize blockchain technology.  

Samsung Galaxy adapts the blockchain technology

In one of the latest Samsung Electronics press releases, Chae Won-Cheol, senior managing director of the Product Strategy Team noted that the company will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions. Won-Cheol also mentioned that the team will expand their service target countries after Korea, the United States, and Canada.

Earlier, Samsung Electronics loaded the strategic smartphone Galaxy S10 with a “Samsung Blockchain Key Store” that can safely store private keys to blockchain-based services and “Samsung Blockchain Wallet” that supports payment and money transfers through cryptocurrencies. In addition, the Korean tech giant expressed its plans to cooperate with telecom companies SK Telecom and KT in blockchain-based mobile identification cards and local currencies.

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