Samsung is working on their own cryptocurrency based on Ethereum



Jun 26, 2018
Korean technological giant Samsung has been working on their own implementation of blockchain, which they will be using in effort to create a cryptocurrency. This info was provided by Coindesk that have private resources in Samsung.

As far as we know, blockchain will be built on Ethereum. At the moment this platform is just being tested inside the company, but in perspective it will become public and Samsung Coin will be trading on all the popular crypto exchanges.

It is understood that Samsung Coin is going to become sold on the market, but it is still unclear what this coin will be like
Coindesk private source
In leaks i is also stated that blockchain will become a part of Samsung pay ecosystem, but such an important hadn't been done yet. It would be a pretty good step in payment system development taking in count that Samsung is opening support of its services in more and more countries these days.

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Durin the last time, Samsung has been highly interested in cryptocurrencies. For example the latest company's, flagman phone Samsung Galaxy S10 comes with support of a variety of popular coin from the box, it has also invested quite a sun in Bitcoin wallet without private keys.
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