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South Korea’s tech conglomerate Samsung has discreetly added Bitcoin(BTC)trade and Klaytn blockchain project support to its decentralized app store, Blockchain KeyStore.
Samsung has been adding blockchain support and cryptocurrency functionalities to its latest devices such as Samsung Galaxy S10 and Note 10 and their variants. Previously, Samsung has announced built-in blockchain wallet that supports Ethereum (ETH)trade and all other ERC-20 based tokens for its latest range of smartphones. Samsung’s smartphones didn’t support Bitcoin even though the company had used the Bitcoin logo on its pre-release presentation images.
Since Bitcoin support has long been demanded in its Blockchain KeyStore by many users, Samsung has finally fulfilled their demand by integrating Bitcoin functionality in its blockchain-enabled smartphones.
According to updated data on the Samsung Developers website, the company’s online decentralized applications (dapps) store Blockchain KeyStore now supports Bitcoin as well as South Korea’s internet conglomerate Kakao’s built-in house blockchain platform Klaytn.
Samsung has added Bitcoin and Klaytn features to the newly released Software development Kit (SDK) for its S10s smartphones including S10e, S10, S10+, and S10 5G and Note 10 and Note 10+ devices. This SDK allows Samsung’s Android devices to link blockchain addresses to the Blockchain KeyStore, execute crypto transactions and check the status of transactions. This SDK advancements also include support for Korean messaging app giant Kakao’s native cryptocurrency (KLAY) of the Klaytn blockchain.
In Spite of Bitcoin’s Dominance, Samsung Didn’t Support It Until Now
The support for Bitcoin and Klaytn is restricted to six devices only: Galaxy S10e, S10, S10+, S10 5G, Note10, and the Note10+. Moreover, it is only available for Samsung customers in Canada, Germany, South Korea, Spain, Switzerland, the U.S., and the U.K.
Samsung Blockchain KeyStore was first revealed earlier this year as a part of Samsung’s blockchain and decentralized application (DApp) Software Development Kit (SDK). The Blockchain KeyStore is an ideal place for both “a secure and convenient place for your cryptocurrency” and to “secure and manage your blockchain private key.” In the beginning of the launch of Blockchain KeyStore, some believed that it would accelerate Bitcoin adoption but they never realized the fact that it hasn’t supported Bitcoin until now.
Bitcoin has nearly 70% of the market share in the cryptocurrency market and Ethereum has about 8%. So, it makes sense to introduce support for Bitcoin, the most popular digital currency, and it may increase the interest of consumers in the entire cryptocurrency market.
Currently, Samsung has listed about 17 dapps in Blockchain KeyStore and the South Korean technology giant is also developing its Ethereum-powered blockchain.