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Samsung’s unassuming entrance into cryptocurrency; Apple is still exploring

Samsung’s unassuming entrance into cryptocurrency; Apple is still exploring

As many of you may have read last week, Samsung’s Galaxy new smartphone S10 will start shipping on March 8 and will incorporate a cryptocurrency wallet. Out of the entire press release about the new phone line, Samsung’s only reference to its cryptocurrency wallet was: “a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services”.

Apparently, an industry executive told CCN that Samsung has been playing down its cryptocurrency wallet integration because a relatively large portion of the mainstream user base of mobile phones is resistant to terms like “Bitcoin” and “cryptocurrency.” 

Nevertheless, with Samsung being the leading mobile brand with a global phone market share of 32%, this is still immensely positive for the crypto space. It may be just a trial test for the company, but this will certainly force players like Apple, which ranks 2nd in t...

 


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