Wednesday, February 19, 2020

Binance Coin (BNB) Among 16 Cryptocurrencies Supported by Default on Samsung Galaxy S10

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Grace Joseph
Freelance Writer, Blogger, and Crypto Enthusiast. Studied Computer Science in University and Undergoing a Masters Degree Programme in Computer Engineering Contact@ reigngracia@gmail.com

Just when we thought Bitcoin has taken all the limelight in the past few days, Binance coin (BNB) has once again drawn people’s attention. It is now one of the 16 cryptocurrencies that are supported by default on the Samsung S10’s crypto wallet, according to a tweet by Changpeng Zhao on April 7.

Binance’s CEO Informs of BNB’s Support on Samsung Galaxy S10 Wallet

Changpeng Zhao, Binance’s CEO recently informed that BNB is among the 16 cryptocurrencies that are supported on the Samsung crypto wallet. According to him, he is humbled to see that BNB is also supported by the Galaxy S10. His remarks can be tied to a lot of things given that Samsung is a reputable tech company with a large user base.

As such, it has the potential of fostering the adoption of cryptocurrencies and most especially, those that have been listed on the wallet.

More ERC20 Based Cryptocurrencies are Supported on the Galaxy 10

Other than Binance coin, other ERC20 based virtual assets that can be stored on the S10 are Ethereum, Pundi X Token, CosmoCoin, OmiseGo, Populous, and ZRX. A quick look at CoinMarketCap’s platform shows that these are coins warming up the 2, 51, 171, 27, 72, and 39 positions respectively.

BTCNN previously informed that the S10 wallet does not support Bitcoin but Ethereum and other ERC20 based tokens. The latter was attributed to a number of factors including the ability to send several ERC20 tokens to one address. For instance, the MyEtherWallet (MEW) address can be used to receive hundreds of tokens that are based on the ERC20 network standard.

A Lot of News Has Resolved Around Binance Coin of Late

Binance coin has had a lot of news revolve around it of late given that it has shown a remarkable performance this year. From its price of $6 as of January 1, it is now trading at about $18. Its market capitalization of 700 million as at that time is now around $2.5 billion.

In the same vein, the Malta-based cryptocurrency exchange, Binance outlined that BNB has gotten several use cases. Its March 27 publication revealed a number of these. BTCNN on March 14 also informed of a house in Northern Australia that can be bought using Bitcoin and BNB during its live auctioning.

BNB is also used to pay fees on the cryptocurrency exchange and the same might be the cases when Binance chain is launched. The tokensales that have also held on launchpad have relied on the virtual asset. Binance has also set a requirement for those who want to partake in such sales in the future and among them is to hold BNB 20 days before the sale

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