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Samsung has attracted a lot of attention from crypto fans over the last few months. With the release of the wallet blockchain Galaxy S10, many enthusiasts turned to Samsung.
Chae Won-Cheol, general manager of the product strategy team of the wireless business division of Samsung Electronics, said in an article published by Business Korea:
"We will reduce the barriers to new experiences by gradually increasing the number of Galaxy models that support blockchain functions. We will also expand our service countries after Korea, the United States and Canada. "
Samsung released the Galaxy S10 last March, fully equipped with a crypto-currency wallet, the Samsung Blockchain wallet, to store coins, public and private keys, and more. Originally announced in February, it was also revealed that the device would have a secure private storage specifically designed for blockchain enabled mobile services.
As reported by CryptoSlate:
"Notably, although the Bitcoin logo appears on early pre-release images, the portfolio currently supports only ERC-20 Ether and Ethereum tokens. However, given the fact that Bitcoin was originally featured on the images, it was thought that support for the number one cryptocurrency could possibly be rolled out at some point. "
This has caused some commotion in the crypto space as speculation has emerged that the use of the blockchain could advance the adoption. Although, it seems, the latest report of the technology company takes further steps to encourage this evolution.
Looking outside Galaxy phone models, Won-Cheol said the company was enthusiastic about enhancing security and convenience through the help of "Identification based on blockchain and local currencies in partnership with telecom operators".
There are other companies in the smartphone sector that are also interested in cryptography. HTC and the smartphone Exodus 1 being only one of them.
Last month, a to post was published for Medium, suggesting that Samsung is currently developing its own Ethereum-based blockchain-based main network.
"It looks like Samsung is joining the new chip economy. According to sources, Samsung thinks of a private blockchain, although this has not been confirmed yet. It could also be [a] blockchain public in the future, or some kind of hybrid, ie a combination of public and private blockchains. "
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