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Samsung to launch first cryptocurrency platform next year

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As early as next year, Samsung will launch its first cryptocurrency platform and possibly even develop its own cryptocurrency.

The tech giant is looking to go a different route, thanks to favorable laws in force in its home country of South Korea.

In 2023, Samsung’s First Cryptocurrency Platform Is Coming

Samsung could develop its own cryptocurrency Crédito@GerdAltman/Pixabay

Samsung plans to start breaking new ground in the tech world. The news today is that the brand will launch its first cryptocurrency exchange platform as early as next year. There are even rumors that the company may even develop its own cryptocurrency.

At this point, the project has already been developed by the securities sector and, according to the information released, will be based on blockchain.

Samsung, on the other hand, is taking advantage of the laws in force in South Korea that are particularly favorable to this sector. Since his May of this year, the country’s president, Yoon Suk-yeol, has been promoting this activity in his territory to encourage businesses and even citizens to invest in cryptocurrencies.

Also, that in 2021 the ruler before the current president shut down dozens of such platforms through regulatory legislation that dramatically increased the requirements and obligations to offer this service in the country. must also be added.

samsung cryptocurrency
Samsung’s cryptocurrency platform is based on blockchain Credit@MaiconFonseca/Pixabay

But now, under the new government, the laws are quite different, developing activities and launching new services. In that sense, now is a business opportunity for Samsung to capture a large share of this market.

The South Korean giant has some know-how in this area. Recall that in 2019, the brand offered secure crypto wallets for select models of its cutting-edge smartphones.

Recently, the company released a new version of Samsung Wallet based on blockchain and security.

However, it now wants to go further and launch a cryptocurrency exchange platform, and according to some rumors, may even launch its own cryptocurrency. This will be one of Samsung’s new avenues. Can Apple follow in his footsteps?

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Source: 4G News

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