Samsung launching yet another blockchain-friendly smartphone ‘KlaytnPhone’ - Report

Layer 1s • September 5, 2019, 1:00AM EDT
UPDATED: September 5, 2019, 1:17AM EDT
JPstock / Shutterstock.com

South Korean electronics giant Samsung is said to be launching yet another blockchain-friendly smartphone, dubbed “KlaytnPhone,” as a Galaxy Note 10 variant.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

The smartphone will come with a cryptocurrency wallet and blockchain apps installed, and is expected to go on a sale starting today in South Korea only, The Wall Street Journal reported Thursday, citing “people familiar with the matter.”

KlaytnPhone, named after Kakao’s blockchain subsidiary GroundX’s blockchain platform Klaytn, will have Klaytn logo when it is turned on or off, per the report.

The smartphone is expected to be sold at around $1,000. Buyers will also reportedly get a certain amount of "Klay" tokens, the native token of Kalytn. 

Earlier this year, Samsung launched the Galaxy S10 smartphone, which also offers a cryptocurrency wallet and decentralized apps (dApps). The company was also planning to expand these features to budget Galaxy phones in an attempt to draw more people to blockchain technology.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

More by Yogita Khatri