Samsung's Efforts to Keep Pace with Crypto Revolution - SamMobile
Last updated: April 23rd, 2019 at xv:07 UTC+01:00
Many consider Bitcoin to be digital gold, with this modern gilt blitz motivating major tech firms to accommodate to the new prototype. Samsung is i such technology megalith taking the crypto plunge.
The almost important case of Samsung'south crypto interest is the Samsung Galaxy S10's Crypto Wallet. The Wallet volition support Ethereum and a number of ERC20 tokens right out of the gate. Surprisingly, users volition have to wait on Bitcoin support, though it'south unthinkable to believe that BTC will be forever excluded.
Included with the Crypto Wallet are gateways for CryptoKitties and CryptoDuck. The old is the wildly popular cartoon true cat trading game that emerged in 2017. Players can create unique cartoon cats, which are then traded for cryptocurrency. Values of greater than $100k take been recorded for the rarest cats. CryptoDuck is a payment application, which makes it much easier for users of tokens like Ethereum to really spend their crypto on stuff. If yous're unfamiliar with this, there are IG Markets trading courses for Android available and then you can learn about cryptocurrencies and forex, besides every bit how to trade in these markets.
Why Does Samsung Think Cryptocurrency is here to stay?
So, what has motivated Samsung to jump on board with cryptocurrency (though not all the same in Australia)?
One of the best reasons is that Samsung is an international visitor. Creating applications on which international currencies can be used on their devices makes information technology all the more than possible that the Samsung device in a user'south pocket will get the center of their digital life.
Users in America have countless options for spending dollars, and they're certainly not limited to apps available on Samsung devices. However, no other phone has a Crypto Wallet straight out of the box. No matter where in the globe a Samsung user lives, they'll be able to transact via Ethereum with any other person or entity elsewhere in the globe.
Another reason that Samsung is choosing crypto is simply considering crypto is hot. Samsung is always looking for ways to distinguish itself from Apple and other mobile competitors. By courting cryptocurrency users, Samsung wishes to distinguish itself every bit a company with its finger on the pulse of modernistic digital life, peculiarly since all of Apple tree's crypto wallets are third political party. Samsung "gets it", they would like united states of america to believe.
Samsung is also betting big on crypto because crypto is huge in South korea, where Samsung is based. Of class, one might have hoped that Samsung would take partnered with a South Korean public blockchain, like ICON, but of course this is possible in the hereafter. Samsung's add-on of a crypto wallet speaks to mainstream adoption in SK, and this couldn't be better news for the crypto-buying public in the rest of the world. A major consumer exporter, what goes big in South korea stands a good chance of beingness adopted by other international consumer economies.
Nosotros can only hope that Samsung's move to add crypto functionality to their new flagship phone line will be imitated by other major consumer tech companies. Imagine the ripples that would travel through the market if Apple added a Bitcoin wallet to the next iPhone. A few years ago, that would have seemed similar a fantasy. Today, it seems a whole lot closer to reality.
Source: https://www.sammobile.com/2019/04/12/samsungs-efforts-to-keep-pace-with-crypto-revolution/
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