Samsung plans to equip its budget phones with cryptocurrency wallet functionality

Samsung dives deeper into blockchain universe.
New phones will support cryptocurrency storage functions.

Tanya Abrosimova Independent Analyst

Low-cost mobile devices of the South Korean phone manufacturer will support blockchain and allow users to store digital coins on their devices, according to the official press-release published by the company.

The company first introduced the cryptocurrency storage functionality in its flagship Galaxy S10 lineup, thus entering the crypto space.

“We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions. We will also expand our service target countries after Korea, the United States, and Canada,” senior managing director of the company Chae Won-Cheol commented.

The electronic giant is also working on a blockchain-based mobile identification card. The company is negotiation the partnership with two local telecom giants – SK Telecom and Korean Telecom.

“We will develop technologies for blockchain-based identification and local currencies by partnering with telecom operators,” Chae said.

Samsung is also heavily investing in blockchain technology and, according to a media report, the company is also developing its own blockchain on the top of Ethereum. In addition, it is also planning to introduce its own digital currency.

Samsung. is known for its deep interest in blockchain. The company has created its own wallet platform – Samsung Blockchain Wallet. Currently it supports Ethereum and ERC-20 tokens, however, the market participants anticipate that Bitcoin support will also be added soon.

Apart from wallet functionality, the phones support several decentralized applications (dApps) including famous CrypoKitties and merchant payments service CoinDuck.

Author

Tanya Abrosimova

Independent Analyst

Stellar mixed sentiment caps recovery

Stellar price remains under pressure, trading at $0.170 on Tuesday after failing to close above the key resistance on Sunday. The derivatives metric supports the bearish sentiment, with XLM’s short bets rising among traders and funding rates turning negative.

Jupiter rises on native SOL staking, TVL rebound

Jupiter edges higher by 3% at press time on Tuesday, approaching the $0.1700 level. The lending protocol announced native staking as collateral, allowing users to borrow against natively staked SOL on certain vaults.

Rocket Pool price extends rally as Saturn One upgrade boosts sentiment

Rocket Pool price extends its gains, trading above $2.80 on Tuesday after rallying over 58% in the previous day. The upcoming Saturn One network upgrade on Wednesday has fueled renewed buying interest.

Pi Network rallies ahead of its first anniversary

Pi Network trades above $0.1800 at the time of writing on Tuesday, recording nearly 5% gains so far. On-chain data indicate that large wallet investors, commonly known as whales, have accumulated approximately 4 million PI tokens over the last 24 hours.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.