Coinbase allows direct exchange of some cryptocurrencies, Western Union allows transfers in bitcoins. Samsung is working on a smartphone with a cryptocurrency wallet.
Coinbase cryptocurrency exchange added the ability to directly convert cryptocurrencies. If earlier, when exchanging Bitcoin for Ethereum, it was necessary to first sell BTC for dollars, and then buy ETH, then now you can refuse intermediate operations.
However, the amount of increased fees for this operation will not allow Coinbase customers to receive additional savings. Therefore, a new service will first of all save time on the purchase of an asset. Recently, Coinbase has made a number of improvements. Most recently, customers have access to money withdrawal through the payment system PayPal.
The president of Western Union announced that the payment system is ready to start working with cryptocurrencies at any time. Before that, they were wary of digital financial assets, and even prohibited the transfer of funds to cryptoexchanges.
The words of the head of Western Union Odilon Almeida talk about a change of mood in the company. Now the company is working with 130 currencies, and the introduction of new tools will not cause significant difficulties. However, the company expressed skepticism regarding the blockchain technology itself. This is where classic transaction methods are used. And while there is no information and that WU plans to update its system.
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Immediately three applications for registration of a new trademark filed by Samsung. Two of them are connected with smartphones that will work with cryptocurrencies. The third is even more interesting, it talks about plans to integrate a cryptocurrency wallet into a smartphone.
It is not yet known when and where the first mobile phone with cryptocurrency storage will appear. However, now experts predict the introduction of this technology into the top models of the Galaxy S10 line. The combination with the Samsung Pass biometric service will allow the company to create a fully secure storage of digital coins. The South Korean manufacturer has clearly shown in which direction the development of the financial industry can go. In fact, the smartphone will be the universal mobile bank of the user.