The blockchain technology has been catching up with our modern lives more than we can ever imagine. In fact, it has already infiltrated the devices we carry on us all the time and have constant access to.
Many leading smartphone manufacturers have dedicated a large number of resources to produce phones that are responsive to the blockchain technology so that they could tap into the market while it’s still fresh.
Many would think that this is nothing but a business move, and they’d be right. But as long as it supports the wider adoption of the blockchain, tech enthusiasts will always back any corporate decision.
Let’s take a look at three devices with integrated cryptocurrency wallets, what benefit they offer and how they fair on the market.
Samsung Galaxy S10
Although Samsung was not the first smartphone manufacturer to announce the release of a blockchain integrated device, it’s still one of the most popular ones out there.
Many crypto enthusiasts first heard about the blockchain integration in smartphones thanks to Samsung, and the company made sure that all the necessities of a “blockchain user” are taken care of in the device.
For example, the phone holds an integrated cryptocurrency wallet capable of holding over a dozen coins as well as allowing users to make transactions peer to peer. Although many are saying that it’s not technically decentralized, it’s still nice to see such a large company like Samsung support the development of the new technology.
Furthermore, Samsung comes with installed support for Dapps (Decentralized applications), which allow users to generate some cryptocurrency coins or tokens in exchange for performing some minor tasks on the app.
In terms of market performance, Samsung’s main competitor is Apple, but the South Korean company has been dominating on the eastern hemisphere for a while now. In Australia for example, the introduction of the cryptocurrency wallet on the phone was a primary mover of the market share and is expected to boost Samsung to around 30% of the market, bringing it right next to Apple.
The reason why the crypto wallet was so successful for Australia is the wagering habits of the locals. More than 80% of Australians have taken part in wagering in their lives and are very active in using cryptocurrencies as their primary source of deposits. Having dozens of crypto-based blackjack games in Australia alongside casino games gives Samsung the advantage in terms of catering to the demands of the local market.
Providing the safety and anonymity of the blockchain technology is sure to sway much of the Australian market to Samsung’s favour. Naturally, this may not have been a direct plan, but it has definitely turned into a happy accident.