Samsung, the electronics industry giant is planning to integrate cryptocurrency cold wallets in its upcoming mobile phone Galaxy S10 according to Adnan Farooqi, editor of SamMobile which is the largest community for Samsung.
According to Adnan Farooqi, their community tried to research deeply into the company’s plans after they heard about Samsung’s trademarks for blockchain and cryptocurrency software and after a thorough research they are now concluding that Samsung is developing a software which may be launched in the upcoming model of Samsung Galaxy S10.
Since the start of the year, Samsung, the biggest aggregate in South Korea that has predominance over a considerable lot of the nation’s significant segments has shown its enthusiasm towards the cryptocurrencies.
Samsung entered the cryptocurrency segment with an endeavor concentrated on Bitcoin mining, making mining hardware from its foundry situated in Suwon, South Korea for shipping to worldwide merchants.
Samsung and Crypto Industry
From the start of the year, Samsung has been expanding its mining operations, and the cryptocurrency wallet sector of the crypto industry is by all accounts the Samsung’s next target.
Samsung likes to use its current assets to venture into new developing markets instead of making a completely new framework to help it. Samsung has set up a mining equipment manufacturing business as a way to expand the capability of its vast scale foundry and the company’s cryptocurrency wallet that is at present being developed to be incorporated with its mainstream Galaxy S series of mobile phones.
As per SamMobile, if the wallet gets coordinated into the Samsung Galaxy S10, company’s clients will have the capacity to import their data from existing wallets such as MetaMask to their mobile phones.
If large industry giants such as Samsung start to integrate cold wallet storage in their mobile devices that are already mainstream, then companies such as Trezor and Ledger that focus only on this segment shall be counted as unnecessary.