Samsung is adding over a dozen new apps in its online blockchain DApp store, Blockchain Keystore.
Samsung’s online dapp store, Blockchain Keystore was launched in March this year. It was started from four applications and now has a total of seventeen. The four initial dapps included a game, a password wallet, a billing app, and a social media app while new dapps include a mixture of products from entertainment app-The Hunters to social media app-Anpan.
Samsung has become one of the first among large companies to start cryptocurrency-centric products with the release of the Galaxy S10 this year. Samsung told that although other companies have not done so yet, they have already made a blockchain wallet and released it.
The company is building up its wallet’s features to prepare for the coming market competition. Samsung’s wallet system allows only the storage of tokens and protocols of Ethereum based ERC-20. The number one competitor on the list against Samsung is Apple, which is yet to release a wallet.
Apple released a ‘CryptoKit’ for iOS 13 in June, showing that adoption is not far off for the Cupertino giant. LG trademarked ‘ThinQ Wallet’ earlier this month which is believed by the market insiders to be the foundation for a crypto wallet and ecosystem. The trademark of the ThinQ Wallet states that the wallet will offer e-money services, transactions, and settlement.
Another competitor of Samsung, which is Huawei, also has not developed a crypto wallet yet. Huawei said that they have no plans to put a cryptocurrency wallet on its smartphone because the Chinese government has not authorized it. Samsung’s efforts are showing slow results as there are only 30 reviews on Samsung Blockchain’s wallet on the Samsung Galaxy Store while some other crypto wallets on the Google Play Store have thousands of reviews.
What do you think about Samsung’s move to start cryptocurrency-centric products? Let us know in the comment section below!