Altcoin News: Samsung Integrates a Crypto Wallet into Budget Galaxy Models and Connects New Countries to the Option

May 14, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The South Korean corporation Samsung has confirmed information about plans to integrate cryptocurrency wallet in the budget models of their smartphones, writes Business Korea.

“We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions,” Chae Won-cheol, senior managing director of the Product Strategy Team at Samsung Electronics’ Wireless Business Division, said in an article posted on the Samsung Electronics News Room on May 13. “We will also expand our service target countries after Korea, the United States and Canada.“

In addition, the company plans to launch a mobile identification card with the support of two local telecom operators: SK Telecom and Korean Telecom.

“We will develop technologies to identify and support local currencies on the blockchain in cooperation with telecom operators,” the company representative added.

The release of the Samsung Galaxy S10 smartphone with support for the function of blockchain key functions took place in March.

In April, it was reported that Samsung could release its own cryptocurrency based on the Ethereum blockchain fork.

Author: Marko Vidrih