Samsung partners with rival Pundi X for crypto wallet

It was recently announced that Samsung and Pundi X, rivals in the blockchain smartphone arena, are teaming up with regards to adding crypto wallets to smartphones.

In a recent post over at Medium, Pundi X noted that its crypto wallet XWallet will now be available in the Samsung Galaxy S10 and the blockchain wallet of Samsung will be available in its smartphone. This is a move that is not exactly unheard of, with various rival companies seeing the benefits of collaboration to promote a new industry.

“Using XWallet for topping up and making crypto payments is now available with the XPOS, the world’s first blockchain-powered point-of-sale device which has been deployed across 25 countries in the world,” the post reads.

“The XWallet’s integration with the Samsung Blockchain Wallet thus makes Pundi X payment ecosystem available to a much wider audience, allowing the Samsung Galaxy smartphone users to not only store their ETH securely but also transfer to XWallet and spend it in a variety of shops, opening their doors to the new generation and their preferred cryptocurrencies.”

The whole idea behind this new development is to promote blockchain, cryptocurrency, and the two smartphone companies’ respective wallets. Instead of trying to compete for the same market, both Pundi X and Samsung have decided to work together to corner a much bigger slice of the crypto trading audience.

While the S10 is already out, the device that contains the crypto wallet by Pundi X will be coming out later this year, CoinDesk reports.

This move by the two companies can, therefore, be considered something of a one-two punch. Samsung is opening up the option to use the crypto wallet by Pundi X in its existing device, thus allowing users to acquaint with the functionality before the device by Pundi X finally hits the market.