South Korean technical behemoth - Samsung - expressed plans to expand the number of Galaxy models that support cryptocurrency and blockchain options.
According to the local media citing the press release of the company, Samsung is going to add its cryptographic application even to the budget models, which in fact will help to boost the availability of cryptocurrency options to a wider range of countries.
Senior managing director of Samsung Electronics :
"We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions, we will also expand our service target countries after Korea, the United States and Canada. "
At the moment, Samsung's blockchain wallet is only available on the newly released flagship Galaxy S10. Besides, it has additional blockchain functions, including a digital signature and decentralized applications, which are said to become available at cheaper models too.
moreover, Samsung is reportedly in talks with telecommunications companies SK Telecom and KT Corporation regarding possible joint development of the tools for verifying a digital identity based on blockchain technology as well as other projects.
It was reported earlier that South Korean authorities stated in early April that they considered revision of the existing crypto market rules.
The Asian session witnessed lower oil prices on Wednesday driven by an unexpected upturn in oil reserves in the USA. The prices for WTI futures decreased to $60.99/bbl; the futures for Brent oil weakened to $70.60/bbl. The American Petroleum Institute reported higher crude oil reserves, which added 2.81 million bbl last week.
The US dollar stays generally unmoved vs the euro, while the Australian counterpart has touched a multi-month bottom in the middle of the week along with the Japanese yen which suffers from slower demand for protective assets.