The world’s largest information technology firm, Samsung Electronics, headquartered in Seoul, South Korea, has successfully added Bitcoin support to its new upcoming distributed ledger tech (DLT) Keystore Software Development Kit (SDK), and the company has disclosed that its digital currency wallet is compatible with its latest Galaxy Note 10 smartphone handset. Samsung is one of the most active companies adopting cryptocurrency and blockchain solutions in 2018-2019.
According to the official publication
released on their site for developers, the Blockchain SDk will as well offer support for other cryptocurrencies including Ether, ERC20 and Klay coins. It is remembered that Samsung started by
supporting only Ether and ERC20 tokens and promised its users that it will keep on adding more altcoins as time goes on.
More Market for Blockchain Smartphones Means More Market for Cryptocurrencies
However, the SDK is not yet ready to be used in all parts of the world. Samsung started with fewer countries to first test how the kit will perform, and if everything goes on well, the service will be spread to other different market parts of the world. So far, apart from South Korea itself, the service is limited in other 6 countries, which includes: Canada, United Kingdom, United States, Spain, Germany and Swiss Confederation.
Samsung is the top seller of Android devices. In the first quarter of 2019, Samsung’s smartphone shipments amounted to 71.9 million units. Samsung is a global leading smartphone vendor. Over 1.2 billion smartphones were sold to end users. It sells millions of Samsung Note devices a year, for instance, between Sept 2011 to Oct 2013, it sold more than 50 mln Galaxy Note handsets. Within its first 60 days 10 mln, 30 mln, and 10 mln units of Galaxy Note 3, Note 2 and original Galaxy Note were successfully sold, respectively.
Bringing Services Closer to the People
All this implies that millions and millions of users of Samsung smartphones will be in a position to access Bitcoin services with applications through the Blockchain Wallet which the firm started including on its new smartphones, including the Galaxy S10 that was launched earlier in 2019.
In the past few weeks, the IT giant has been adding more decentralized applications (dapps) especially to its own blockchain-based wallet. This puts the number of dapps available for South Korean customers to be 17 in total. Samsung is trying to fulfil its promise of expanding blockchain related operations and services on its future electronics devices.
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