News

Samsung To Implement Crypto Features In Its Phones, Kyber Network Used For ERC-20 Swaps

Samsung’s budget Galaxy smartphone models will feature cryptocurrency wallets, following support on the Galaxy S10, according to local media outlet Business Korea.

The report also states that Samsung is working with local telecom to companies to the end of releasing “mobile identification cards” and supporting local currencies. Two companies are mentioned by name: SK Telecom and KT.

The Kyber Network will also be used for ERC-20 token swaps.

Chae Won-cheol, senior managing director of the Product Strategy Team at Samsung Electronics’ Wireless Business Division, was reported as saying,

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…We will develop technologies for blockchain-based identification and local currencies by partnering with telecom operators.

The Samsung Galaxy S10’s support for cryptocurrencies – though not Bitcoin – caused a lot of discussion in the cryptocommunity, and has been taken a sign of the arrival of mainstream adoption.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

Share
Published by
Abhimanyu Krishnan

Recent Posts

Is A Silicon City Tech Giant Behind BlockDAG Network As Its $11.4M Presale Outcasts Floki Inu Price Surge Amid BOME Fluctuation

With Floki Inu's next bull run approaching, investors are closely monitoring its innovative token burn…

2 weeks ago

BlockDAG Becomes Top Crypto Investment Choice with $9.9M Presale, Beating Fantom & Apecoin

BlockDAG (BDAG) has continued to stand out with its innovative presale strategy, offering early investors…

2 weeks ago

Render and Dogecoin Price Predictions Defy Expectations As BlockDAG Emerges as the Highest ROI Crypto for 2024

As we venture into 2024, the crypto market is brimming with potential for unprecedented growth.…

2 weeks ago

Solana’s 20% Trading Spike Sparks BlockDAG Presale Interest While Memeinator Presale Reaches Edge

This analysis contrasts the flourishing momentum of BlockDAG coin's presale against the backdrop of the…

3 weeks ago

CryptoGames Review: Bitcoin and Altcoin Casino

Ever wondered what it is like to experience the extravagant casino vibes in the comfort…

2 years ago