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Report: Samsung to Incorporate Crypto-Related Functions on Budget Galaxy Phones

South Korean tech firm Samsung will possibly begin to equip its budget Galaxy smartphones with blockchain and cryptocurrency features, Business Korea reported Tuesday.

The move follows the firm’s incorporation of the Samsung Blockchain Wallet on its Galaxy S10 smartphone, which was released in March along with the Galaxy S10+ and S10e models, as part of a broader effort to promote the blockchain market.

Chae Won-cheol, senior managing director of the product strategy team at Samsung Electronics’ wireless business division, said the company will gradually increase the number of Galaxy models that support blockchain functions to welcome new experiences.

He also disclosed Samsung Electronics’ plans of expanding its service target countries after Korea, the U.S., and Canada.

Additionally, the South Korean company intends to tackle blockchain-based mobile identification cards and local currencies in partnership with various telecommunication companies.

Samsung Blockchain Wallet is currently compatible with Ethereum and ERC-20 tokens.

Samsung’s Galaxy S10 was designed to support four decentralized applications, namely Enjin, Cosmee, CryptoKitties, and CoinDuck, according to Finance Magnates.

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