Samsung Unveils New Digital Wallet with ‘Crypto’ and Digital Documentation Capabilities

Samsung Unveils New Digital Wallet with ‘Crypto’ and Digital Documentation Capabilities

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Samsung Digital Wallet

Today, technology giant Samsung has astonished us by unveiling a new smartphone with a digital wallet function.

The Galaxy S22 Ultra will allow users to store digital documents such as ID documentation(student ID/ Drivers license/ National ID/Boarding Passes/Access Tickets) in digital format. Moreover, a new feature is expected to launch this year to store digital keys for houses and cars. Presumably, this latest flagship smartphone should support crypto.

Samsung flagship smartphone

In a press release from the company, Samsung narrated how users will be able to store their credit and debit cards and use them electronically. The first debut of this flagship smartphone is expected to run in Samsung’s mother, country-South Korea, after the product release.

News outlets were quick to catch on to this, claiming that the phone should also store vaccination records in the wallet with the probabilities promised.

Samsung refers to this initiative as a seamless, convenient, and secure experience to make everyday life easier. True to the manifesto, having a tool that combines your routine digital payment and asset management in a single wallet module is pretty awesome.

Like Samsung, multiple South Korean countries have been working to improve domestic roles with blockchain solutions. South Koreans loosely refer to these innovations as Distributed Identity Identification (DID) technology. Compiling travel documents before booking a flight has never been made easier.

As we wallow at this Samsung flagship smartphone, the path seems to have been walked on already. One of the biggest national banks in South Korea reported it would start accepting blockchain-powered driving permits tolerable even with the national police. A new wallet with  Crypto’ and Digital Documentation Capabilities is an innovation that’s worth a shot.

Moreso, Samsung is a big company with top-notch security platforms capable of completely isolating your sensitive data from the phone’s main operating system.

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