Samsung

The general situation on blockchain technology and cryptocurrency in Korea is on the rise and developments look to be unstoppable. The country is now working on developing a blockchain-based local currency that works like Bitcoin and other real DLT-based cryptocurrencies.

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.

The South Korean technology giant Samsung Electronics recently revealed results for of Q2 of 2019 that indicate profits are decreasing but the demand for cryptocurrency chips registered a significant increase. The company has found an increasing demand for digital asset chips.

Various developers are trying to make money using other people’s or company’s popular names and brands. As we talk right now, there is a person in South Korea that is trying to prey on Samsung’s blockchain ultramodern plans by ripping off the Samsung Coin brand. The person behind this move has been identified as Kim Nam-jin.

Samsung, the leading multinational electronic conglomerate based in South Korean, has launched a new software development kit (SDK) based on the Ethereum blockchain, The Block reports.

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.