Saturday, 6 June 2015

Samsung Pay and Bitcoin? Young Sohn might approve.

Samsung Galaxy Note 5 Gsmarena

So after Apple Pay and Android Pay comes... Samsung Pay. You might have heard of it recently.

It has just been delayed until second half of this year: http://ift.tt/1dhd5j0

...which leads to the conclusion that it needs more work.

Meet Young Sohn, Samsung's Chief Strategy Officer: http://ift.tt/UE3XX1

Young has recently joined the Strategic Advisory Board of Bitfury: http://ift.tt/1BRxPEf

He has also been invited to Richard Branson's Blockchain Summit: http://ift.tt/1EhUhJF. Scroll down to see him listed as a participant.

Furthermore, it was recently announced that Samsung is working with IBM to explore new applications in blockchain technology: http://ift.tt/1Ft0uAd

This means that Samsung, like many other large companies, is looking closely at the technology. But it might also be a hint that Bitcoin is playing a role in the upcoming payment system that they are launching.

They definitely need a competitive edge against the payment systems that Apple and Google have launched, who are (for now) staying away from Bitcoin. So why not incorporate it? Why build another copy of another layer above the existing financial infrastructure?

What do you think? Is there any other information we can dig up? Would this be "huge"? Implications? Opinions?



Submitted by sawatdeekhap Samsung Galaxy Note 5 Gsmarena

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