[ad_1]
The South Korean electronics giant, Samsung, plans to incorporate cryptocurrency and blockchain features to more phones in its Galaxy lineup.
Citing a Samsung press release, Business Korea reported On Tuesday, the company would offer its digital wallet application, even on cheaper models, and extend cryptography functionality to more jurisdictions.
Chae Won-cheol, general manager of the product strategy team of Samsung Electronics' wireless business division, said:
"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. "
The Samsung Blockchain wallet is currently only available on the line of flagship phones from Samsung, the Galaxy S10. The S10 also features blockchain features such as digital signature and decentralized applications (dapps), which the report says could also be added to the entire Galaxy lineup.
Business Korea said that Samsung is also in talks with telecom companies such as SK Telecom and KT Corporation (formerly Korea Telecom) on the possibility of working together on digital identity verification tools based on satellite channels. blocks and other initiatives.
Samsung has penetrated deeper into blockchain waters in recent months.
After the release of the blockchain and crypto focus for Galaxy S10 phones, the group announced the development of its own Ethereum-based blockchain network and could also issue a "Samsung Coin" token in the future. Samsung is also considering adding blockchain technology to its enterprise computing solutions packages.
The tech giant also recently invested about $ 3 million in the startup registry of the cryptocurrency wallet.
Image of Samsung Galaxy phones via Shutterstock
[ad_2]
Source link