Samsung Will Add Cryptocurrency And Blockchain Features In Its Budget Smartphones

South Korean consumer electronics giant Samsung will be releasing budget smartphones that will reportedly feature cryptocurrency and blockchain features, as reported by local English-language local media Business Korea on May 14.

The report suggests that the crypto and blockchain-related functionality incorporated in Samsung S10 will also be included in other Galaxy smartphone models as well. Reportedly, Samsung plans to cooperate with telecommunications companies on its blockchain-based mobile identification cards and local currencies.

Chae Won-Cheol, senior managing director of the product strategy team at Samsung Electronics’ Wireless Business Division, 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.”

At the end of February, Samsung released new Galaxy S10 series smartphones that will have wallet functions for ether (ETH), bitcoin (BTC) and two other tokens. Later in April, an anonymous source told to a crypto industry news outlet Samsung may end up developing a public-private blockchain complete with its owntoken.

Just this week, HTC announced a low-cost version of its blockchain smartphone would appear around Q3 2019 with a full BTC node, as well as in-wallet ERC-20 token swaps.

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