Samsung Next exec argues Web3 projects must face the challenge of utility
Raymond Liao believes 2022 is a good time for product builders and investors to focus on the Web3 space. While Web3 has shown a lot of potential from its inception to today, some still believe that there is a challenge that players in the space must face, which is utility, according to a Samsung Next executive. In an interview, Raymond Liao, the managing director at Samsung Next, talked about the company's move to dive into Web3 by investing in MachineFi, a term coined by the IoTeX project to describe a futuristic paradigm in which machines become the primary workforce powered by Web3....
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Samsung is planning to expand its mobile payment service, Samsung Pay, into the US online shopping market. Additionally, Samsung will allow more smartphones to support the payment wallet, offering it to cheaper Samsung devices “within the next year,” according to Samsung Pay global co-general manager Thomas Ko. Samsung Pay has grown much faster than rival Apple Pay and Android Pay since the service was implemented on payment technology that is already available in most stores. Thus, by expanding into the online market, Samsung will have yet another advantage over these two competitors, as....
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Mobile payments are slowly creeping into our daily lives, as more and more competitive services start to emerge. Apple Pay, one of the most popular mobile payment options, has slowly started rolling out its services in various countries. And it looks like Samsung and Mastercard will present Samsung Pay together in Europe in the near future. It has to be said that the competition betweenApple Pay and Samsung Pay will be an interesting one to keep an eye on. Despite Apple Pay getting out of the gates sooner than Samsung Pay, there have been various issues with this mobile payment system....