Samsung has launched Galaxy S10 smartphone, featuring cryptocurrency storage to house private cryptocurrency keys. Currently, the phone has been announced in Seoul, San Francisco, and London. According to the company, Galaxy S10 comes with Samsung Knox function that will provide a hardware-backed secure storage for the private keys. The feature is expected to enable the smartphone users experience streamlined blockchain-enabled mobile services.
The hype of blockchain technology came into existence with the launch of Bitcoin in 2007. Since then, although cryptocurrencies have gone through several ups and downs, the blockchain craze has been steadily increasing. However, taking a closer look, you’ll realize that the real hype is all about the distributed ledger property of blockchain that makes it immutable and hack-proof. These systems use high-level encryption for data transfers, yet the question that arises is: Is blockchain really hack-proof?
Kotak Mahindra Bank, a private bank in India, has issued a ‘Termination of account’ letter to a user who was dealing with cryptocurrencies. The bank has taken this step in compliance with the circular issued by the Reserve Bank of India that directs financial institutions in the country to end business with customers who deal with cryptocurrency transactions.
Cripto Conserje, a Latin American blockchain firm, has partnered with Horizen to introduce ZEN cryptocurrency to refugees and educate them about it. Under the partnership, the companies are striving to provide the affected communities with ZEN paper wallets and educating them on how to have secure access to their money irrespective of their location.
Oásis Supermercados, a supermarket chain in Brazil, has announced that it is accepting payments in cryptocurrencies such as bitcoin core, bitcoin cash, and litecoin. The supermarket uses Coinwise payments processor for processing of the payments. The processor accepts digital coins from buyers and converts them into the fiat equivalent. It then sends the Brazilian reals to the supermarket within three days.
Western Union Global Money Transfer has partnered with Ripple to test if blockchain could enhance the money transfer process. The firm is also exploring the utilization of blockchain in sending payments. It is looking forward to exploring the DLT technology’s potential to speed up money transfers and reduce the associated costs.
Ledger, a crypto hardware wallet company, has signed a Memorandum of Understanding (MoU) with Crypto.com, a Hong Kong-based crypto payment company. The MoU will enable Ledger clients to use the Crypto.com Pay service to pay for products with cryptocurrencies. As reported, the payment platform will be incorporated into Ledger’s online store, thereby allowing consumers to make purchases using Crypto.com Wallet.
Swiss bank Gazprombank has partnered with crypto firms Avaloq Metaco to offer crypto services to clients. The bank will implement their integrated crypto asset solution to manage client portfolios and ease crypto assets transactions. This will allow consumers to buy, sell and transfer cryptocurrencies without requiring any crypto-wallet or private key management.
KIBIS, a blockchain-based company, has announced its plans to launch a network of self-service kiosks across the globe. The kiosks will let users to make purchases and pay bills in cryptocurrencies. The company has claimed that consumers will be able to pay utility their bills, book flight tickets and check their details via these self-service kiosks.
Sapna Bookstore, a 50-year-old Indian bookstore based in Bangalore, has started accepting bitcoins for book purchases. Unocoin, a cryptocurrency exchange, has developed the payment gateway for the web store of Sapna. This initiative to accept bitcoins will allow both Indian and international readers to buy books.