{"id":113198,"date":"2019-09-06T06:20:53","date_gmt":"2019-09-06T13:20:53","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=113198"},"modified":"2019-09-06T06:30:47","modified_gmt":"2019-09-06T13:30:47","slug":"samsung-cryptocurrency-enabled-smartphone","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/samsung-cryptocurrency-enabled-smartphone\/","title":{"rendered":"Samsung is releasing a better cryptocurrency-enabled smartphone"},"content":{"rendered":"

Samsung is releasing a version of its newest flagship smartphone that supports 34 cryptocurrencies, including Bitcoin and Ethereum, and a variety of DApps, as first reported<\/a> by the Wall Street Journal.<\/p>\n

The largest smartphone manufacturer in the world by market share is offering a cryptocurrency-enabled Galaxy Note 10 variant, the \u201cKlaytnPhone\u201d on Thursday, exclusively to the South Korean market. The smartphone\u00a0 includes a feature for securely storing cryptocurrency private keys through its \u201cblockchain-enabled\u201d mobile services. In addition, it comes with a pre-installed cryptocurrency wallet, where users can transfer funds and review transaction history.<\/p>\n

The latest flagship smartphone will not differ in terms of hardware and packaging from the existing two sizes of the Galaxy Note 10, but it will come with Klaytn\u2019s full range of transaction services and blockchain applications. The report also mentioned that buyers of the KlaytnPhone will obtain a certain amount of KLAY tokens, Klaytn\u2019s native cryptocurrency, to use and become familiar with the phone\u2019s features.<\/p>\n

Earlier this year, Samsung announced<\/a> that it was releasing its first crypto-friendly smartphone, the Galaxy S10, which only supported Ethereum<\/a> and ERC-20 tokens. Now, the newest flagship phone supports 34 cryptocurrencies and 17 decentralized applications (DApps).<\/p>\n

Among the tokens that were added to the KlaytnPhone are, Bitcoin<\/a> (BTC), Binance Coin<\/a> (BNB), Basic Attention Token<\/a> (BAT), Augur<\/a> (REP), Enjin Coin<\/a> (ENJ), and many more. Some of the most prominent DApps available on the variant of the Galaxy Note 10 include, BULVRD Drive, Coinduck, XWallet, and Cosmee.<\/p>\n

Samsung partnered with Ground X Corp., the blockchain affiliate of Kakao Corp.<\/a>, to create the Klaytn platform and subsequently the KlaytnPhone. The partnership is a clear sign of the major steps that the smartphone manufacturer giant is taking towards boosting the adoption of cryptocurrencies.<\/p>\n

Initiatives to create devices with pre-installed apps and security features will simplify the learning curve allowing more people to become familiar with blockchain technology. Samsung is not the only one leading the push. HTC Corp. as well as Sirin Labs<\/a> launched blockchain-enabled phones last year. \u201cWhole Network,\u201d a startup backed by Huobi<\/a>, will formally unveil its Acute Angle smartphone next week.<\/p>\n

\u201cAs the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices,\u201d said Livio Weng, the CEO at Huobi Global.<\/p><\/blockquote>\n

Apple is another phone manufacturer to watch out for, with the corporation recently revealing its awareness and optimism towards the cryptocurrency industry.<\/p>\n

\u201cWe\u2019re watching cryptocurrency. We think it\u2019s interesting. We think it has interesting long-term potential,\u201d said Jennifer Bailey, vice president of Apple Pay, in an interview with CNN Business<\/a>.<\/p><\/blockquote>\n

It seems smartphone makers are bullish on blockchain.<\/p>\n","protected":false},"excerpt":{"rendered":"

Samsung is releasing a version of its newest flagship smartphone that supports 34 cryptocurrencies, including Bitcoin and Ethereum, and a variety of DApps, as first reported by the Wall Street Journal. The largest smartphone manufacturer in the world by market share is offering a cryptocurrency-enabled Galaxy Note 10 variant, the \u201cKlaytnPhone\u201d on Thursday, exclusively to […]<\/p>\n","protected":false},"author":148,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nSamsung is releasing a better cryptocurrency-enabled smartphone<\/title>\n<meta name=\"description\" content=\"Samsung is releasing a version of its newest flagship smartphone that supports 34 cryptocurrencies, including Bitcoin and Ethereum, and a variety of DApps.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/samsung-cryptocurrency-enabled-smartphone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung is releasing a better cryptocurrency-enabled smartphone\" \/>\n<meta property=\"og:description\" content=\"Samsung is releasing a version of its newest flagship smartphone that supports 34 cryptocurrencies, including Bitcoin and Ethereum, and a variety of DApps.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/samsung-cryptocurrency-enabled-smartphone\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-06T13:20:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-06T13:30:47+00:00\" \/>\n<meta name=\"author\" content=\"Ali Martinez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Samsung is releasing a better cryptocurrency-enabled smartphone\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Martinez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/samsung-cryptocurrency-enabled-smartphone\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/samsung-cryptocurrency-enabled-smartphone\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/#person\",\"name\":\"Ali Martinez\",\"url\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg\",\"caption\":\"Ali Martinez\"},\"jobTitle\":\"Analyst\",\"description\":\"Ali came across Bitcoin\u2019s whitepaper in 2014. 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