Samsung Partners with Gemini, LG Joins Hedera Hashgraph
Samsung Electronics and LG Electronics are increasing their participation in the blockchain and virtual asset industries.
Samsung Electronics recently formed a partnership with virtual asset exchange Gemini in order to provide Galaxy smartphone-based virtual asset trading services in the United States and Canada. Samsung Electronics launched the Galaxy S10 in March last year and the phone and those released later come with the Samsung Blockchain Wallet, which supports remittance and payment based on virtual assets such as Bitcoin and Ethereum. The partnership with Gemini means that Samsung Electronics’ service has expanded to cover virtual asset trading and custody.
LG Electronics, in the meantime, has become a member of the governing council of Hedera Hashgraph. The company and the global blockchain platform are planning to conduct joint research on blockchain technology and create new business opportunities together.
Last year, LG Electronics participated in the governing council of Klaytn run by Ground X, which is a blockchain subsidiary of Kakao. LG Electronics is the only consumer electronics company in the governing council of Hedera Hashgraph, whose members include Boeing, Deutsche Telekom, Google, IBM and Nomura Holdings.