Samsung to Come up with New ‘Crypto’ Smartphone with Free Tokens Preloaded in the Wallet

Libra Coin News
Thu, 09/05/2019 - 10:08
Yuri Molchan
Samsung teams up with Klaytn DLT platform to produce a ‘crypto friendly’ variant of its Galaxy Note 10 with some KLAY tokens already in the embedded wallet
Cover image via www.samsung.com
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Citing a source knowledgeable about the issue, the WSJ reports that Samsung, the electronics heavyweight from South Korea, has joined efforts with the Kakao-developed Klaytn public DLT platform to fire away a new version of the Galaxy Note 10 phone.

The new smartphone, however, will let its owners use crypto much easier and will have a wallet already preloaded with crypto coins.

‘KlaytnPhone’ to be released soon

The WSJ writes that the new phone called ‘KlaytnPhone’ by the name of the blockchain partner, will have several embedded dApps and a cryptocurrency vault that will contain a certain amount of KLAY tokens.

The new DLT phone sales begin on September 5 and it is to be sold only in South Korea, says the source.

The mainnet of Klaytn launched in early summer this year. Its coin KLAY is to start trading on Upbit’s platforms in Singapore and Indonesia later on in September.

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Samsung’s earlier foray in the crypto sphere

Earlier, U.Today wrote that Samsung expanded its Galaxy S10’s crypto utility by adding support for BTC and 32 other tokens to its wallet. Those include stablecoins, such as USD Coin (USDC), Maker (MKR) and TrueUSD (TUSD). BNB was also reported to be added to the Samsung wallet.

Prior to that, Galaxy S10 supported only Ether and ERC20 tokens made on the basis of Ethereum.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.


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