End of August brought some blasting news for crypto users. Well, to be specific, it was for stable coin users, as Samsung Galaxy S10 now supports three major stable coins which include TrueUSD, Maker and USD Coin. Moreover, several major tokens used in market have been added which will automatically generate Bitcoin and Ethereum wallets. It is indeed a milestone achieved with inch-perfection. It can be a game changer for cryptocurrency market and provide sound basis to turn the tables in their favor.
- 33 digital currencies fully supported
Amazing, isn’t it? It is, surely for crypto consumers. Among the 33 cryptocurrencies, Bitcoin, Ethereum and Binance Coin (BNB) stand out as the giants. The story does not end here, the news reports are circulating that Galaxy S10 is also supporting Basic Attention Token (BAT).
So, Samsung, as a brand has definitely taken a huge step forward. Millions of crypto users in the market will turn to Samsung Galaxy S10 and the revenues of Samsung are expected to increase exponentially. The viability of the system is still to be checked, but there remains no doubt, it will have a positive impact on sales.
On both ends, it seems to be a win-win situation. Ease of use will benefit crypto users and the increase in consumers will help Samsung.
- How big of a deal is it?
Astounding and mind boggling it is. If there are no systematic flaws incurred, it will go down in history as one of the biggest deals signed. Several other competitors will follow suit. Though, there are already some crypto powered phones in the market but their economies of scale do not match Samsung’s. It is definitely a significant one, the importance of which can be clearly seen from Champing Zhao. CEO of Binance said that it is not a small deal and he will be using and recommending Samsung to his friends and family.
- It was always coming, wasn’t it?
Well, even if it wasn’t, everyone would think otherwise now. The speculations revolved around for quite a while and they have come true now. Other crypto powered phones came in the market before, but they were specifically meant for crypto users. The good thing about this deal is that it is meant for all. Samsung has beautifully penetrated into a market full of hopes and optimism. It was surely an undiscovered portion of the market which would surely reap great outcomes. Who ever thought about 10 years ago that digital currencies would actually sell and gain such popularity? I guess, no one did. Change is the only constant we live in and the incremental show of cryptos have surely proved it. Let’s just wait and see how far it goes!