South Korean tech giant Kakao Corp. will issue its affiliate cryptocurrency, KLAY, direct to Samsung smartphone users.
According to the Wall Street Journal (WSJ) citing people familiar with the plans on Sept. 5, the latest edition of Samsung’s new Galaxy Note 10 will feature a cryptocurrency wallet — and free coins.
“KlaytnPhone” will come with free crypto
KLAY is the in-house token of Klaytn, the blockchain network Kakao revealed in conjunction with its dedicated spin-off, Ground X, in October last year.
Speaking to the WSJ, the sources said each edition of Samsung’s Klaytn edition of the Galaxy Note 10 would ship with an unknown amount of KLAY.
The phone will also include Klaytn’s various features, which its creator says all aim to reduce the confusion surrounding blockchain technology.
The new product, however, will only be for sale on the Samsung’s native South Korean market.
Blockchain smartphones keep coming
The companies declined to comment on the release. As Cointelegraph reported, Samsung has already released a blockchain-enabled smartphone, beginning in March with the Galaxy S10.
Other operators have done likewise, with another new offering announced just days ago. Whole Network, a startup backed by cryptocurrency exchange Huobi, will formally unveil its $500 Acute Angle next week.
“As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices,” Huobi Global CEO, Livio Weng, commented.
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