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    LG Working on a Blockchain Phone to Compete with Samsung

    September 9, 2019 No Comments
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    A blockchain phone is not something many would have thought of even a few years ago. Even around three years ago when the remarkable cryptocurrency bull run had just started off, it was still looked upon as a novelty, and not many had a lot of ideas about what it could eventually become. At the time it was unthinkable that a really strong ecosystem was going to grow that could make cryptocurrency ownership and trading far easier for people.

    Blockchain Phone Market Heats Up

    That being said, it has actually come to pass that the crypto ecosystem is getting stronger with every passing month. Last week, the Korean electronics giant Samsung announced that it is going to come up with its own crypto supporting phone.

    However, its fierce competitor and fellow Korean electronics giant, LG, was not going to be left behind. It has now emerged in the South Korean press that LG is currently in discussions with DApp, a blockchain application developer and is keen to introduce its own brand of blockchain phone. It is a step that LG had to take in order to ensure that it does not fall behind Samsung, which is all set to include blockchain capabilities in the Galaxy Note 10 model that is going to be launched soon.

    >> Ripple (XRP): $26 Million Moved to Co-Founder Jed McCaleb

    This is an entirely new development in the world of smartphones and one that could well open the floodgates for other companies to follow suit. The Samsung blockchain phone is going to be equipped with its own crypto wallet, and that is an interesting feature, considering the fact that many crypto investors do not like to hold their tokens on exchanges.

    Samsung is going to launch this particular phone in the South Korean market initially and then it will go from there. LG’s plans with regards to the matter are currently unknown, and the reports did not indicate whether it is going to launch a blockchain phone at a global level.

    Featured image: DepositPhotos © perig76


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    LINE Gets Crypto Exchange License from Japan Regulators

    September 8, 2019 No Comments
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    The crypto exchange space has evolved at a lightning speed over the past few years, and much of that is due to the fact that cryptocurrencies are now traded by a much larger pool of people. Hence, there is also a need for the creation of more crypto exchanges so that people can easily buy, sell, and trade cryptocurrencies. The rally enjoyed by Bitcoin and the wider crypto space this year has necessitated the development of many new crypto exchanges due to heightened demand.

    Solid Boost

    In a new development, it has emerged that Japanese messaging service giant LINE has been awarded a license by the authorities to launch its own crypto exchange.

    Japan has been one of the most progressive nations when it comes to the creation of an effective crypto ecosystem, and this year is another example of it. The path-breaking news was first reported in the Japanese edition of CoinDesk. The Financial Services Agency of Japan stated in its website that it had granted the license to the entity named LVC Corp today.

    LVC Corp is the subsidiary that ultimately controls the crypto token and blockchain business that belongs to LINE. The company stated last month that it is interested in building what it terms as a ‘token economy’ and wants to use its blockchain named LINK Chain for the purpose.

    >> Binance to Introduce Own USD Stablecoin with Paxos

    When it comes to establishing a crypto exchange, the primary headache of most exchanges is actually bringing in a substantial number of users and creating the sort of liquidity that can attract more users. It takes a lot of time to accomplish. However, in the case of LINE, it may not be that difficult.

    The company already has as many as 80 million users in its messaging service, and if it can leverage a certain percentage of that user base, then the crypto exchange will have a readymade pool of users to draw from.

    Featured image: DepositPhotos © sinenkiy


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