Smartphone

South Korean international conglomerate corporation LG Electronics made it clear on September 15, 2019, that it is planning to release its own blockchain-based smartphone. This has therefore confirmed the rumors that has been circulating the market. The electronics giant will become one of the few mobile phone manufacturers to join the cryptocurrency industry.

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.

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.

The South Korean multinational conglomerate based in the capital Seoul, Samsung, will invest in sixth-generation (6G) networks on top of other semiconductors, and this could play a role in changing the face of blockchain technology, according to the company’s Vice Chairman Jay Y. Lee.

Few token/coin issuers can boast an infrastructure necessary for its circulation. Often the digital asset remains inapplicable in daily life and soon adds up to the list of dead coins. A completely different approach was taken by the team behind KaratGold Coin (KBC), who came up with a number of software and hardware solutions for crypto users. One of them is a KBC-fuelled smartphone that utilizes a series of elegant solutions increasing the user’s security bar.

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.

While technologies are getting mobile, we are getting more and more used to having everything at hand on our smartphones. Payments are no exception. And though most banks and payment operators offer mobile solutions for fast payments, it is getting obvious smartphone manufacturers will delve into cryptocurrency, blockchain and distributed ledger technology (DLT) to offer payment options.

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.