Samsung Finally Supports Bitcoin in Its Smart Phones

Samsung has added the capability of supporting Bitcoin to its smart phones. This measure is taken while in March 2019 in its latest version of smart phone, Galaxy S10, Samsung used a Blockchain-based platform to use cryptocurrencies and make transactions with them. But in this version of Samsung products, only Ethereum and ERC-20 tokens were supported. This meant neglecting the most important cryptocurrency in the world, Bitcoin.

Samsung Finally Supports Bitcoin in Its Smart Phones
Samsung Finally Supports Bitcoin in Its Smart Phones

Samsung has added the capability of supporting Bitcoin to its smart phones. This measure is taken while in March 2019 in its latest version of smart phone, Galaxy S10, Samsung used a Blockchain-based platform to use cryptocurrencies and make transactions with them. But in this version of Samsung products, only Ethereum and ERC-20 tokens were supported. This meant neglecting the most important cryptocurrency in the world, Bitcoin.

Bitcoin Enters; This Cryptocurrency Is present in Different Samsung Products


Currently, the Samsung company has added the possibility of supporting Bitcoin to different types of its smart phone model S10. For example, we can refer to S10e, S10, S10+, and S10 5G. In the Note 10 and Note 10+ versions Bitcoin is also supported. The possibility of using Blockchain enables the holders of this version of Samsung products that use Android operating system, to connect to Blockchain addresses in the Key Store and in addition to being able to review this infrastructure, enables them to engage in Bitcoin transactions.

The Access of Samsung Smart Phones to Bitcoin Is Limited for Now


Currently, it is not possible for all Samsung mentioned models holders to make transactions with Bitcoin in all countries. This possibility exists for people in Germany, Canada, Spain, South Korea, U.S., England, and Switzerland. In addition to Bitcoin, Samsung recently supports the local cryptocurrency Klay that has been recently released to the market by the famous local application of this country which is Kakao. Samsung is supposed to have its own exclusive Blockchain which is based on Ethereum and perhaps in the near future it will release its own token top the market. Currently, this Korean tech giant has offered 17 applications in K-Store, which is an online shop for Blockchain-based application.

The Presence of Samsung in the Crypto World Is Accompanied by Success


It seems that Samsung has been among the companies that has acted successfully in the field of cryptocurrencies and using Blockchain and has been able to use the capabilities of these new technologies to its own and its products’ advantage in the best way. Many of the prominent companies active in the field of technology are still hesitant about implementing cryptocurrencies, but Samsung has been able to enter the crypto world with effective attempts and precision and offer the world one of its practical implications in public and wide ranging use. Offering exclusive tokens and being active in the infrastructure of Blockchain can turn this important and prominent company into one of the cases in the field of cryptocurrencies which manage the movements of the market in the world of cryptocurrencies and smart phones and act as a pioneer in this field. Being a pioneer in such a market and field will make it possible for Samsung to be powerful and have the upper hand in the future. Countries and companies that engage in using Blockchain and its belongings sooner than others, will have more chance of success among other brands.
 

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