Samsung released a blockchain-based smartphone in South Korea

Samsung released a blockchain-based smartphone in South Korea

With how popular crypto market has been in the past couple of years, it is no surprise that a lot of big tech companies are heavily investing in it. South Korean Samsung is the next manufacturer to integrate blockchain features in a handheld device. The company just launched a new version of Galaxy Note 10 with crypto features for the domestic market. The smartphone is codenamed ‘KlaytnPhone’.

The name of the device comes from the South Korean blockchain company Klaytn. They are a subsidiary of internet provider Kakao and offer Klay tokens. KlaytnPhone comes with crypto wallet and blockchain applications built-in. It is sold for $1,000 and customers get the respective amount of Klay tokens in their wallet. Other than that, the device is basically the same as Galaxy Note 10 which was released on the 7th of August.

Samsung is also planning to release the crypto features to other smartphones as well. They are aiming to make the technology easier to use for everyone. Soon we will see budget Samsung smartphones with blockchain-features, which will “boast the blockchain platform’s full breadth of transaction services”.

crypto wallet
The CCX Markets customer-centric model combines
bespoke trading functionality through its platforms with the widest suite of products to offer the best pricing, execution, and liquidity.