Samsung invests $2.9 million in hardware crypto storage

South Korean technology behemoth Samsung has invested 2.9 million dollars in cryptocurrency storage company Ledger. The investment is part of a bigger investment round, which puts the valuation of Ledger now around 290 million dollars. This is the third sign in a short time that indicates that Samsung is very serious about cryptocurrencies.

The new Samsung Galaxy S10 is the first phone that supports cryptocurrencies straight from the box. The Galaxy S10-series supports Ethereum, Enjin, Cosmee, among other ERC20-tokens. Bitcoin is not supported, but might be added at a later time.

Earlier this month Samsung invested in an Israeli blockchain development studio, which is making a simplified cryptocurrency wallet. Together with their own phones and the investment in Ledger, that makes three serious investments in cryptocurrencies and their wallets.

Mobile phones will allow crypto payments on the go. NFC-chips, QR-codes and payment apps will be the main technologies to transfer money or value, while apps and hardware wallets will function as storage.

Originally published at NEDEROB.