The news about speculation of integration between Samsung's blockchain wallet on the Samsung J10 series has indeed been around for a long time. Samsung Pay, which is a Samsung subsidiary, will be behind Samsung's blockchain wallet integration in the Latest J10 series.
An industry executive from South Korea said that this was needed to bring cryptocurrency adoption and use of cryptocurrency wallets in South Korea.
There are reports from, Donga, saying that Samsung Pay sees the integration of cryptocurrency as the best way to promote Samsung's watch plugin.
Currently, the Samsung blockchain wallet only supports Ethereum and other cryptocurrencies will soon follow in the next update.
Samsung Pay can do things better than similar platforms like Apple Pay and KakaoPay. Samsung Pay acquired LoopPay for $ 250 million in about three years, Samsung Pay plugin users can make transactions using the PoS terminal and this makes Samsung Pay an advantage of its competitors.
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Between 2017 and 2018, Samsung Pay grows faster than its competitors. This platform has a user base increase of up to 58%.
Samsung Pay has dominated the FinTech South Korea sector. Integrating Cryptocurrency will make Samsung Pay more attractive to Digital Asset Users and will encourage increased Cryptocurrency Adoption in South Korea.
The Samsung Pay platform in April recorded a transaction volume of around $ 18 billion. Integration of Cryptocurrency wallet on the Samsung platform will promote cryptocurrency in the eyes of merchants and customers.
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This integration will increase Visibility and accessibility to cryptocurrency. If many companies imitate Samsung Pay, of course, this will make adoption more widespread and trust in cryptocurrency will be better too.
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