[Featured Stock] RaonSecure Rises on News of Samsung Electronics Expanding Cryptocurrency Digital Wallet Business
[Asia Economy Reporter Jang Hyowon] RaonSecure, a mobile security solution company of Samsung Electronics, is showing strong performance following news that Samsung will support the Switzerland-based decentralized finance (DeFi) service 'Aave Protocol.'
As of 10:07 AM on the 10th, RaonSecure is trading at 4,440 KRW, up 3.74% from the previous day.
According to industry sources, Samsung Blockchain Wallet recently began supporting Aave Protocol. Users can store the cryptocurrency 'AAVE' issued by Aave Protocol on their mobile devices and use Aave Protocol services.
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RaonSecure is known as an official partner of Samsung Electronics' S.E.A.P. (Samsung Enterprise Alliance Program), a reseller of Samsung Electronics' KNOX, and a business cooperation partner for Samsung Pass. Additionally, RaonSecure possesses technologies related to blockchain and biometric authentication, leading the industry to expect that RaonSecure will benefit as blockchain wallets see expanded application on smartphones.
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