Samsung Unveils New Digital Wallet with ‘Crypto’ and Digital Documentation Capabilities

cryptonews.com:

The electronics giant Samsung’s latest flagship smartphone will have a new wallet function that will allow users to store digital documents – and, reportedly, crypto.

The device, named the Galaxy S22 Ultra, will be able to store ID documentation, including student IDs, driver’s licenses, and national ID cards in digital form, as well as digital keys for houses and cars keys in a new Digital ID feature that will be made available “later this year.” 

It will also, the company said in a press release, allow users to store digital credit and debit cards. Customers will also be able to use the ID feature to store boarding passes and “access tickets,” and will seek to debut these functions in its native South Korea “first after the product release.” 

Numerous media outlets also reported that other documents, such as coronavirus vaccination records could also be stored in the wallet, which will be compatible with crypto, per outlets such as ZDNet.

Samsung called the wallet “a seamless, convenient and secure experience to make everyday life easier,” that “combines digital payment, ID, keys and asset management into one tool to simplify your routines, from showing your student ID to compiling travel documents before a flight.”

Multiple South Korean companies – Samsung included – have been working on domestic solutions involving blockchain-powered wallets in recent years. These wallets allow users to store a number of digital documents, including blockchain-powered digitized driving permits.

In South Korea, these have been mostly referred to as Distributed Identity Identification (DID) technology. An increasing number of South Korean businesses have begun adopting forms of digitized documentation, which is almost universally stored in