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Budget Samsung Galaxy phones to get crypto features

Samsung is expected to introduce cryptocurrency and blockchain-based features to the entire Galaxy series. (Source: The Independent)
Samsung is expected to introduce cryptocurrency and blockchain-based features to the entire Galaxy series. (Source: The Independent)
Following the successful introduction of cryptocurrency features for this year's Galaxy S10 handhelds, Samsung now plans to add blockchain-related services to budget and mid-range models, as well. Besides crypto wallets and digital signage apps, Samsung may also add digital identity verification tools in upcoming Galaxy models.

Samsung has finally introduced cryptocurrency and blockchain support for this year’s flagship Galaxy S10 models, and the company is now considering to add crypto features for the entire Galaxy range.

The Galaxy S10 smartphones were introduced earlier this year with support for decentralized apps such as the “Samsung Blockchain Key Store” that safely stores digital keys for blockchain-based services and “Samsung Blockchain Wallet” that enables users to make payments and money transfers via cryptocurrencies. In a recent press release, Samsung announced that it will soon bring these features to budget and mid-range smartphone models. Furthermore, Samsung is in talks with Korean carriers like SK Telecom and KT Corp. regarding the integration of block-chain based digital identity verification tools.

According to Chae Won-cheol, Samsung’s product strategy team senior managing director, the Korean giant is also interested in expanding blockchain-based service availability in countries like the United States and Canada. Coindesk notes that Samsung is planning to develop its own blockchain network based on Ethereum and could issue its own token named the “Samsung Coin.”

These announcements can be corroborated with the recent BTC price surge that is apparently signaling a bull crypto market for the foreseeable future. In only 3 weeks, BTC has seen a price appreciation of more than US$3,000 (currently hovering at around US$8,000) and all other major cryptocurrencies like Ethereum and Ripple followed a similar trend. Some analysts claim that BTC could enter another parabolic rise and may reach US$50,000 by 2020.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2019 05 > Budget Samsung Galaxy phones to get crypto features
Bogdan Solca, 2019-05-15 (Update: 2019-05-16)
Bogdan Solca
Bogdan Solca - News Editor
I stepped into the wonderous IT&C world when I was around 7. I was instantly fascinated by computerized graphics, be them from games or 3D applications like 3D Max. I like to keep myself up to date with all the new technologies that get released at an ever increasing rate these days. I'm also an avid SciFi reader, an astrophysics aficionado and, as of late, a crypto geek.