Samsung Galaxy S10 to support three major stablecoins

Samsung has announced that its flagship Galaxy S10 smartphone will support three stablecoins as well as Bitcoin.

The South Korean tech giant revealed plans to support Bitcoin at the start of the year, with reports also suggesting that blockchain fitness start-up Lympo will allow withdrawals to the Samsung wallet.

Lympo is one of 33 cryptocurrencies that can be used on the device, with the likes of BAT, BNB, ETH, KCS, XEM, and QTUM all being included.

And now it seems that users will be able to hold three major stablecoins on their phones as support has been announced for TrueUSD, Maker, and USD Coin, according to U.Today.

Binance CEO Changpeng ‘CZ’ Zhao commended the announcement in a tweet, stating that he will buy the phone and will recommend it to friends.

“Not a small deal, right? Guess which phone I will be buying and recommending to all of my friends! It’s spreading,” he wrote.

In 2018, Samsung shipped more than 292 million smartphones globally. If the tech giant is able to reach these figures again with the upcoming S10, it could cause a spike in the adoption of cryptocurrencies globally thanks to its crypto integration.

Enjin CTO Witek Radomski also told Coin Rivet in May that the Samsung phone will be the first to support the ERC-1155 token standard.

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Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.