Saad Ullah
Growing Adoption
In its blog postdated on 29thJuly, Pundi X said that its crypto wallet solution is now supported by South Korean electronics giant’s own blockchain ecosystem,
Samsung Galaxy S10 users can move cryptocurrencies stored in the Samsung Blockchain Wallet into the XWallet, which they can then use as a checking account for instant crypto transaction with Pundi X’s global payment ecosystem” and “This presents a unique opportunity to push blockchain technology and blockchain based digital assets into the mainstream, reaching the millions of Samsung smartphone users around the world,
The integration will allow crypto users to easily transfer their assets stored on the Samsung’s own blockchain wallet to Pundi X’s XWallet. Pundi X already supports major cryptocurrencies such as BTC, ETH, BNB, XEM, QTUM, BNB and KCS, along with its own NPXS and NPXSXEM.
Samsung users gain a lot of benefit with this move, allowing them to transfer their ETH to XWallet and spend it where merchants have XPOS, the Pundi X’s supported Point of Sales devices, available in more than 25 countries. Pundi X also announced in start of July that it has integrated its payment system into another Point of Sales device manufacturer, VeriFone.
Samsung’s Blockchain
Samsung once kept a tight lid on its blockchain developments, but rumorswere strong about it integrating blockchain into its Galaxy S10 device. There were even leaked photosinitially. The tech giant confirmed this in February. As of May this year, the mobile manufacturer has also announced that it will start integrating blockchain functionalities into their budget phones. According to one Samsung official,
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.
The partnership is a prime example of how collaboration between different companies and firms can lead to blockchain being accepted in ways that will see widespread use and mainstream adoption.
Saad Ullah
