Samsung would launch its own cryptocurrency

In these past two years, many companies have made it clear that they have an interest in the cryptocurrency market. In addition, there are some that are supposed to be developing their own, such as Facebook. A list to which we can also add Samsung. Since several media in South Korea report that the company works in its own currency.

Samsung would launch its own cryptocurrency

In this sense, the firm is currently developing a blockchain. So that in the near future they already have their own cryptocurrency, called Samsung Coin. A news that catches many by surprise.

Own cryptocurrency

Although the development of the Korean brand is still in an initial phase as it has been known. Since at the moment it is not known if the blockchain they develop is going to be a private or public network, or if they would bet on a hybrid. It seems that this development is carried out by the Wireless division and it is expected that it will be based on Ethereum. Without a doubt, it is an important step for the company.

With their Galaxy S10 they released a purse compatible with Ethereum. But this new brand initiative is an important step. It is said that it is a project that began in January and in which 30 to 40 people work.

There are currently no dates for the launch of Samsung Coin to the market. So we will have to wait a while until there is more news about these plans of the company. A project at least interesting, which surely gives a lot to talk about.

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