Samsung Is Preparing For Integration Of Crypto Coins Into Samsung Pay

Samsung Is Preparing For Integration Of Crypto Coins Into Samsung Pay

Samsung Is Preparing For Integration Of Crypto Coins Into Samsung Pay

 

South Korean electronics giant Samsung is reportedly stepping up to integrate crypto coins into more than 10 million active users, Samsung Pay.

 

Business Korea, according to the news, Samsung Electronics, cryptocurrency South Korea 80% of the payment market constitutes 80% of the Samsung Pay seems to have taken action to integrate. The company has recently transferred the Blockchain task force of the mobile business division to the service affairs department.

The company’s Blockchain task force led the installation of Samsung Blockchain KeyStore and Samsung Blockchain Wallet into the Galaxy S10 released in March. In the latter case, this team was merged into the service affairs department, which developed and managed basic smartphone services, including Samsung Pay.

 

As a result of this change, Kim Yong-jae, vice president of service work, was appointed as head of the Blockchain task force. Soon after the company announced its plans to expand its Blockchain and crypto money services, Samsung had recently given an in-house restructuring to Kim to check out the basic applications of Galaxy phones such as Samsung Pay and Samsung Health.

Samsung Is Preparing For Integration Of Crypto Coins Into Samsung Pay

Samsung Is Preparing For Integration Of Crypto Coins Into Samsung Pay

Using Samsung Electronics’ Blockchain technology, there is speculation that Samsung Pay will try to expand its business. When Samsung Pay is integrated with a Blockchain wallet, users in the global market can increase, as this can reduce transaction fees for financial transactions.

Credit card users who are linked to simple payment services such as Samsung Pay need to pay to value-added network operators and pay point operators in the online and offline payment process. Blockchain technology, which Samsung considers to integrate, can reduce these costs by allowing direct interpersonal payments.

0 0 0 0 0 0
  • In-Site Comments

At least 10 characters are required

Next content:

100 Dollars From 3 Analysts For Litecoin Over 3 Days Later

Article submission welcome to our system

Gallery Area

828 x 478