Samsung bringing cryptocurrency features to its budget phones

samsung crypto

Smartphone giant Samsung, has announced that it intends to bring its crypto support to its budget phones in addition to the flagship Galaxy S10.

Commenting on the news, senior managing director of Samsung, Chae Won-Cheol, said:

“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.”

No Bitcoin (BTC) yet

Samsung’s wallet doesn’t support bitcoin at the moment and there was no news on when that would happen.

The firm is certainly missing a trick in confining its wallet to Ethereum ERC20 tokens.

Nevertheless, the news is a big plus for crypto adoption as it means many millions more people around the globe will be exposed to crypto for the first time.

Samsung Blockchain

Samsung’s slow move on the bitcoin front may be related to the rumours of the company’s rumoured development of an Ethereum (ETH) blockchain fork.

However, Ethereum remains the most successful decentralised app (dapp) platform, although Tron (TRX) might bet to differ on that.

Samsung recently joined an investment round for hard wallet maker Ledger, chipping in $3 million.

Although Samsung’s growth has been slipping, it still has the lion’s share of the smartphone market, as the table below from Canalys shows.

About the Author

Jennifer Collins
Jennifer has been writing about crypto since 2016 when she first got interested as a student at Queen Mary University in London. You can email me here:

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