Phone giant, Samsung quietly showed its support to bitcoin by adding it to the newly-launched, Blockchain Keystore SDK, which will enable to use bitcoin on their Samsung apps, through secure storage hardware on the phone.
Apart from this development, Samsung is all set to support the Klaytn Network—a blockchain initiative of Kakao, which is the largest social messaging company in South Korea. News portal Coinspace reported that earlier this year, Samsung had sounded support for digital currency without appearing to support Bitcoin which did not go down well with Samsung fans who realized that the company was not supporting Bitcoin.
Earlier this year, Samsung had teased the possibility of supporting cryptocurrencies. Earlier, Chae Won-Cheol, senior managing director of the Product Strategy Team at Samsung Electronics Wireless Business Division was quoted as saying, “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.”
In February, Samsung finally unveiled its four new flagship phones which was slated to have a secure feature for private keys, effectively turning the device into a cryptocurrency hardware wallet for Bitcoin and altcoins.
A press release had said, “Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”
In July, we had reported that Samsung Galaxy S10 introduced six news decentralized apps (DApps) namely: The Hunters – It is a game platform based on crypto, Berry Pick – It is a social media dApp platform which rewards active online users, MyCryptoHeroes – It is a gaming dApp powered by blockchain, X-Wallet – It is a decentralized wallet app by Pundi X that supports Ether, Bitcoin, as well as Binance Coin, Misetoktok – It is a dApp that offers pollution level and air quality monitoring in real-time and Syrup Table – It is a network for reviewing restaurants.
At the time an official had said, “We will add a datab app to the Samsung Block Chain Wallet,” adding that the app will not be added on the same day, but will be added sequentially.