It seems like the crypto smartphone frenzy is all around us. As the latest cryptocurrency news show, the tech giant LG may be entering this industry and is finally starting to acknowledge the cryptocurrency revolution.
A report from the South Korean media outlet named Chosun shows that LG Electronics is apparently eyeing different blockchain applications for its smartphone, responding to moves from players such as its local rival Samsung and the Taiwanese technology firm HTC.
The tech giant LG with this could join the blockchain phone industry. So far, a lot of proponents of this industry were featured on many best cryptocurrency news sites for stating that this technology will revolutionize everything – from finance and medical practices to commerce as well as supply chains.
However, the budding industry has yet to enter into the mainstream consciousness, mostly because of the lack of real-world applications for and integrations of blockchain. Still, the tech giant LG seems interested in the cryptocurrency smartphones department.
In times when a solution to the pressing adoption is to bring blockchain technologies mobile – we can soon expect services such as cryptocurrency payments, decentralized identity services, enhanced security protocols and a lot of smart devices.
According to the media outlet Chosun, the latest firm to have look at this solution is exactly the tech giant LG. A source inside the smartphone industry confirmed this, telling the South Korean news outlet that LG has started to converse with local decentralized application (dApp) developers. Even though the insider did not reveal a lot of details, it seemed confident that the tech giant LG has determined a solid direction for a smartphone-centric blockchain application.
The media outlet also said that the tech giant LG is not the only player in this game. In fact, LG likely started to eye this field because of the recent efforts from Samsung. For those of you who did not read the altcoin news on our site, Samsung has released a cryptocurrency wallet with its flagship product – the Samsung Galaxy S10 smartphone.
Apparently, this is what ‘pressed’ LG to start thinking about a foray in this industry and a potential LG crypto-based smartphone.
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