Samsung revealed a new version of its flagship phone Galaxy Note 10 that comes with a cryptocurrency wallet, Wall Street Journal reported on Thursday, Sept. 5.
The new product, based on Galaxy Note 10, will be marketed as the ‘KlaytnPhone’. The model was named after the blockchain network developed by the Korean messaging giant Kakao.
KlaytnPhone will be sold only in South Korea starting from September 5th. Its hardware is fully in line with Galaxy Note 10, but the phone also has a pre-installed crypto wallet and several blockchain apps. Furthermore, customers who purchase the phone will also receive Klaytn’s native tokens Klay as a reward.
According to WSJ, the blockchain apps compatible with Klaytn network will also work on non-Samsung phones that use the Android system. However, the transactions on Klaytn blockchain will be fully available only on the mentioned version of Galaxy Note.
Samsung officials believe that the new model will contribute to further cryptocurrency adoption. The tech giant has already joined the Klaytn network that launched in June 2019 to contribute to its development.
Earlier in 2019, Samsung revealed its first crypto-friendly smartphones S10 which support digital wallets for Ethereum (ETH) and ethereum-based ERC20 tokens.