Samsung increasing crypto support

Robert Hoogendoorn
Aug 6 · 2 min read

South Korean tech behemoth Samsung Electronics is getting more serious about its blockchain and cryptocurrency ambitions. The company added a whole arsenal of new decentralized apps (dApps) to its Blockchain Keystore online market. The store launched with four apps in March, and now contains 17 different decentralized applications.

Originally the store had a password wallet, a game, a social media app and a billing app. Now there will be more products, including social media app Anpan and something called The Hunters. Even though seventeen apps can’t be considered a lot, it does show Samsung’s dedicated ambition to position itself as a leading company in blockchain and mobile phones.

The Blockchain Keystore is only supported by the Samsung Galaxy S10. This phone also has a built-in wallet for Ethereum and ERC20 tokens. It’s Samsung’s latest high-profile phone, and the company is rumored to once again add blockchain and cryptocurrency support in an upcoming phone.

Samsung’s direct competitor, Apple, hasn’t even made in a step into the world of blockchain technology. However, Apple did release an SDK called CryptoKit for its latest operating system iOS 13. To put this in perspective: Samsung has been investing in hardware wallets, and software wallets.

Other companies like HTC, Pundi Labs, and Sirin Labs have had a big impact with their blockchain phones on the world of crypto. But these brands don’t have the mass market appeal of Samsung and Apple. Maybe LG can make a difference, because that South Korean tech giant just trademarked the ‘ThinQ Wallet’, which is supposedly to be used to transactions and e-money. LG has not made an announcement just yet.


Originally published at NEDEROB.

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