Samsung has reportedly invested in a French startup called Ledger that manufactures physical and secure portfolios of cryptocurrencies.
According to a report on Capital, Samsung is investing 2.6 million euros (approximately USD 2.9 million) in the startup that would put Ledger's valuation at 260 million euros. Ledger is known for its Nano S tool that looks like a USB key to safeguard crypto- assets.
Samsung's inclination towards cryptocurrency is evident. Its recent flagship smartphone, Samsung Galaxy S10 comes with a built-in cryptocurrency wallet. Meanwhile, the company is also rumored to be working on its own cryptocurrency token called Samsung Coin.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app