Samsung Throws in Bitcoin Support for the Blockchain Keystore

Samsung Boosts Cryptocurrency Startup with Almost $3 Million

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Global mobile phone manufacturing giant Samsung seems to have directly added support for Bitcoin to the Blockchain Keystore, the company’s decentralized app marketplace.

According to updated information on the Samsung Developers domain, the Blockchain Keystore now provides support for the world’s most popular crypto asset, as well as Klaytn, a separate crypto-asset developed by South Korean Internet company Kakao.

According to the information on the developer’s site, the Blockchain Keystore is available on six of Samsung’s flagship devices; the Galaxy s10e, s10, s10+, s10 5G, Note 10, and Note 10+. It is also available in seven countries for now; Spain, Canada, the United States, the United Kingdom, Germany, Switzerland, and it’s home, South Korea.

There hasn’t been much about support for other countries, but more will likely be added into the fold as time goes on.

The Blockchain Keystore was first released in July, and it formed a significant part of the blockchain and decentralized app (DApp) Software Development Kit (SDK) from Samsung. At the time, all features under the SDK were said to help make account management more seamless, while also ensuring safe backups, payments, and digital signature facilitation.

Up until now, however, the Keystore has only provided support for the Ethereum blockchain. The provided support for Bitcoin is the latest in the line of Samsung’s attempts to embrace cryptocurrencies in general. Earlier this month, the company also expanded the SDK suite, adding two new services; Jupiter, an AI-powered digital analytics dApp, and Mars, a peer-to-peer crypto wallet that works with a QR code.

Jupiter makes use of artificial intelligence-powered price prediction from crypto firm TrustVerse, as well as for analytics tools built on Microsoft’s Azure network architecture.

With the dApp, users will be able to keep track of price movements and volatility as regards crypto assets by analyzing past market movement records and predicting future price pegs. It covers Bitcoin, Ether, and a host of other crypto assets.

Thus, Jupiter provides forecasts on how the prices of crypto assets will move over some hours. Samsung users who would like to engage in, say, Bitcoin trading, will also reportedly soon get in-depth analyses on token prices and markets as well.

As for Mars, the app allows users to conduct peer-to-peer crypto-asset transfers with the QR code. In the release, Samsung explained, “Complex address input can be avoided just by clicking on a QR code and therefore, typo error or entering wrong address can be avoided,” the release explains.

Both features were integrated into the line of Galaxy s10 phones. It’s also been confirmed that they will be added into subsequent versions of Samsung smartphone. The company has also recently partnered with crypto payments startup Pundi X, thus allowing users to integrate the XWallet app into the Samsung Blockchain Wallet. In a blog post dated July 29, Pundi X revealed that it had integrated its crypto wallet solution into Samsung’s blockchain suite, adding that the step will help enhance the adoption of blockchain technology and make it easier to buy cryptocurrency.

The XWallet currently supports assets such as Bitcoin, Ether Binance Coin, NEM, Qtum, as well as NPXS and NPXSXEM, the latter two being crypto assets native to Pundi X. with this integration, users will be able to transfer supported crypto assets that are in the Samsung Blockchain Wallet into the XWallet.

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About Jimmy Aki

Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system.