Samsung’s XWallet Extends Trading Support to Three New Stablecoins

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XWallet Extends Support to Stablecoins

On February, Samsung, a tech giant company based in South Korea, announced that the new series of its Galaxy S10 smartphones would have wallet functions for cryptocurrencies. From Bitcoin (BTC), Ether (ETH) and Binance Coin (BNB), previous reports have confirmed that the mobile phones now support a total of 33 digital currencies. Then, as a part of its service expansion, Samsung confirmed that new stablecoins had been added to the list.

Published by U.today on August 30, the report states that Samsung Galaxy S10 users can now send and receive USDC (USD Coin), MKR (Maker), and TUSD (TrueUSD). Aside from these three newly-added stablecoins, Brave Browser’s BAT (Basic Attention Token), a token used for rewarding users who watch ads, had also been added to the smartphones’ XWallet. 

Aside from the top-performing cryptocurrencies, Samsung also supports Pundi X’s native token, Kyber Network (KNC), NEM (XEM), KuKoin Shares (KCS), and Qtum (QTUM).

Gaining Massive Support

Talking about the scope and significance of Samsung’s crypto promotion effort, the CEO of Binance, Changpeng Zhao, announces his full support to Samsung’s innovative version of smartphones. Aside from purchasing one for himself, the CEO said that he would recommend the mobile device to all of his friends. The hype is spreading, and CZ is very much aware of its implication. 

On August 27, China Telecom, a Chinese telecommunication corporation, unveiled its plan of creating 5G era smartphones to be powered by Blockchain technology. In the recently released white paper, the company described the development of a Blockchain-based SIM card that would be used for managing digital assets. 

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