Samsung To Implement Crypto Features In Its Phones, Kyber Network Used For ERC-20 Swaps

Samsung’s budget Galaxy smartphone models will feature cryptocurrency wallets, following support on the Galaxy S10, according to local media outlet Business Korea.

The report also states that Samsung is working with local telecom to companies to the end of releasing “mobile identification cards” and supporting local currencies. Two companies are mentioned by name: SK Telecom and KT.

The Kyber Network will also be used for ERC-20 token swaps.

Chae Won-cheol, senior managing director of the Product Strategy Team at Samsung Electronics’ Wireless Business Division, was reported 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…We will develop technologies for blockchain-based identification and local currencies by partnering with telecom operators.

The Samsung Galaxy S10’s support for cryptocurrencies – though not Bitcoin – caused a lot of discussion in the cryptocommunity, and has been taken a sign of the arrival of mainstream adoption.

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