Samsung, the South Korean technology giant, has added the Elrond (ERD) cryptocurrency to its blockchain wallet. Crypto news site The Block reports this on November 1.
Elrond reports that Samsung users will have easy access to the token and all decentralized apps (dApps) on the Elrond network and at the same time Elrond benefits from exposure to Samsung’s huge customer base.
Furthermore, Elrond reports that the company’s first dApp will be a “consumer app” for the Samsung app store, but has not yet released any further details about it.
The price of ERD went up from 0.0015 to 0.002 on 31 October, which is a growth of no less than 33.3%. At the time of writing, the price has been adjusted downwards to 0.0019. However, the price is already in a considerable decrease since the launch at the beginning of July and the peak of 0.0075 on July 14.
At the beginning of July, Elrond had a successful initial exchange offering (IEO) on the Launchpad platform of cryptocurrency-exchange Binance. However, Binance removed 30 trading pairs from the platform at the end of September, including Elrond.
In addition to Elrond, Samsung also supports Ethereum (ETH) and added support for Bitcoin (BTC) and Klaytn (KLAY) in August.
At the beginning of October, Samsung announced that it would cooperate with payment platform Finablr, which is a member of the RippleNet, Ripple’s network of banks and financial companies.