The company has introduced a processor in the Galaxy S20 series to store the first cryptocurrency and tokens of the ERC-20 standard. Samsung's Galaxy S20 smartphones have a storage feature for Bitcoin, Ethereum and other digital currencies that support the ERC20 protocol.
The world’s largest information technology firm, Samsung Electronics, headquartered in Seoul, South Korea, has successfully added Bitcoin support to its new upcoming distributed ledger tech (DLT) Keystore Software Development Kit (SDK), and the company has disclosed that its digital currency wallet is compatible with its latest Galaxy Note 10 smartphone handset. Samsung is one of the most active companies adopting cryptocurrency and blockchain solutions in 2018-2019.
South Korean global electronics conglomerate Samsung adds Bitcoin (BTC) support for their blockchain Galaxy 10 smartphone. The Galaxy phone which supports cryptocurrency was officially launched back in March. Since then, the digital currency community has been seen increasingly purchasing the handset so as they can start trading and using the supported cryptocurrency through the Blockchain Keystore App installed in the phone.
The South Korean technology corporation Samsung announced its intention to build in a cryptocurrency wallet in a line of new budget smartphones, based on a prototype of Galaxy S10. The conglomerate has been actively popularizing blockchain and doesn’t seem to be stopping.
According to the latest release by Samsung Australia via Twitter, it is now clear Galaxy S10 blockchain and cryptocurrency smartphone will only be available for three countries: United States, South Korea and Canada.
The electronics bull, Samsung has officially declared that the blockchain and cryptocurrency wallet for its Galaxy S10 phone is at this time compatible only with Ethereum (ETH) and Ethereum-derived ERC20 coins. Bitcoin (BTC) and other major cryptocurrencies are not yet supported, regardless of the BTC logo surfacing on previous pre-release presentation pictures.
Its now confirmed that the Galaxy S10 supports crypto. With its headquarters based in South Korea, Samsung, an electronic conglomerate, has officially entered the blockchain and cryptocurrency industry after announcing a variety of new electronic products ranging from foldable phones to new wearables.
In a few days from now, Samsung, the Korean conglomerate company, will show off the all-new Galaxy S10 family. Samsung’s next big thing will be the launch of its 10-year anniversary mobile device. Samsung is the leading manufacturer of semiconductors and smartphones on planet earth.