Blockchain News

Samsung budget smartphones will have crypto and blockchain features

Upcoming Samsung budget smartphones will have crypto and blockchain features according to a report published earlier today by English language local media Business Korea. This comes after the South Korean electronics giant had previously announced that the new Galaxy S10 series was set to have a blockchain wallet on them.

The report noted that the same crypto and blockchain features that are set to be on the S10 would also be included in other budget Galaxy smartphone models. Samsung is also reportedly planning to cooperate with major telecommunications companies to develop blockchain-based mobile identification cards and local currencies.

According to Chae Won-Cheol the senior managing director of the product strategy team at Samsung Electronics’ Wireless Business Division, the company will slowly move towards incorporating the crypto and blockchain features in all its phones.

He noted:

“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.”

HTC is also working on a lower version phone with crypto and blockchain features

The revelation comes just hours after HTC announced that it planned to avail a lower version of its blockchain smartphone sometime in Q3 2019. The phone will feature a full Bitcoin node as well as in-wallet ERC-20 token swaps.

Three months ago, we learned of Samsung’s plan to include wallet functions for Bitcoin (BTC), Ethereum (ETH) and two other cryptocurrencies in the new Galaxy S10 series. The phones will have several crypto and blockchain features including supporting BTC, ETH, COSM, and ENJ.

COSM is the token of COSMEE a blockchain enabled mobile beauty decentralized application where users can earn and spend the COSM tokens while ENJ is the token of Enjin a crypto wallet that is set to be installed in the new Galaxy S10.

Also, towards the end of April, an anonymous source told CoinDesk that the company could end up developing a public-private blockchain that will be complete with its own crypto token.

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coinmag

Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.

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