All technology enthusiasts have been waiting for Samsung’s next major flagship. The internet had a lot of speculations and leaks about the latest Samsung Galaxy S10 model in the past weeks.
However, the South Korean technological giant Samsung has finally made a significant announcement that might bring a substantial boost to the crypto mass adoption.
Samsung finally lifted the curtain on the first-ever smartphone that supports a blockchain technology and a built-in cryptocurrency wallet. The company has revealed more details about the crypto wallet capabilities of the Galaxy s10.
According to a report from CoinDesk, the crypto wallet is only compatible with Ehereum, and Ethereum derived tokens, but will not support Bitcoin.
Moreover, Samsung says the wallet also supports four decentralized apps, i.e., Cosmee, Enjin, CoinDeck, and Cryptokitties.
But, you can only download the Samsung crypto wallet on Galaxy s10 phones from the Samsung Galaxy Store.
So if you want to know more about the Samsung crypto wallet, keep scrolling down!
About Galaxy s10
“With the introduction of the Galaxy S10 line, Samsung Electronics has once again demonstrated how it is steering the future of the smartphone screen. The company’s newest flagships take its display technology to the next level. It offers users a more brilliant and realistic picture, along with an in-display camera design that maximizes screen real estate, and a first-of-its-kind Ultrasonic Fingerprint Scanner,” the company said in the press release.
In other words, the Galaxy S10 features the most attractive display that the Galaxy family has ever seen.
Therefore, if you thought you had seen immersive before, you have not seen anything yet.
The Galaxy S10, Samsung Crypto wallet
The new smartphone uses a built-in Samsung crypto wallet officially known as the Galaxy Keystore. The wallet once leaked earlier this year in January together with the photos of the phone.
However, Samsung has finally confirmed that,
“Galaxy S10 is built with defense-grade Samsung Knox, as well as secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services,”
In this light, the Samsung Galaxy Blockchain KeyStore works as both a convenient and secure place for your cryptocurrency. Also, you can even manage and secure your blockchain private key.
Why The Samsung Galaxy S10 May Hold Cryptos:
The core processing unit of the Samsung Galaxy S10 may just have significantly raised the probability of cryptocurrency wallet integration.
One of the first intriguing details about the smartphone is its Exynos 9820 processor. Many users believe it will function like a key in integrating a cryptocurrency wallet right into the phone.
While the processor came out last November, there were more upgrades over the previous model (9810) that have made the cryptocurrency community excited. The 8K UHD, Neutral Processing Unit (NPU) and the Physical Unclonable Function (PUF).
The last one, Physical Unclonable Function(PUF), is believed to function as the key in bridging the phone to cryptocurrency. This technology, however, helps chipmakers store encryption keys.
Are you still confused about the PUF?
It is a technology that functions to safeguard and store encryption keys and mobile phones as they only need technology when dealing with cryptography related systems.
Samsung jumped on the Blockchain technology train early on and poised to become one of the biggest players in the crypto market. With that in mind, the company already function as a payment service provider with its Samsung Pay.
Moreso, Korean news outlets speculated that Samsung might seek to integrate the wallet function with its Samsung Pay, digital wallet service and mobile payment, operations.
Therefore, a combination of the Samsung Pay with Samsung Blockchain cryptocurrency could push payments with cryptos into the mainstream.