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Samsung Galaxy S10 will probably be equipped with a cryptocurrency wallet

Samsung Galaxy S10 will probably have native crypto wallet

According to media reports, in the Internet appeared the image of the new smartphone Samsung Galaxy S10 with a native bitcoin wallet. The novelty has not yet gone on sale, but Samsung has made it available to retailers and accessory makers.

According to Gregory Blake, who published several screenshots of the prototype Galaxy S10, the new model of the largest South Korean smartphone manufacturer has a built-in feature called Samsung Blockchain KeyStore, which allows users to fully control their private keys and crypto assets. After authentication and enable this feature, users will be able to send and receive cryptocurrencies using the native cryptocurrency wallet.

A screenshot published by Blake, suggests that Ethereum is the only crypto-currency, which is supported by the device. Probably after the arrival of a new smartphone on the market, the manufacturer will add support for other cryptocurrencies, including Bitcoin.

Technology journalist of the American edition BGR checked the accuracy of the information about the product:

"We know that is the Galaxy S10, because the selfie-camera is located in the upper right corner. The A8s’ selfie cam is on the left side. In addition, we are confident that this is the Galaxy S10, not Galaxy S10+ because of its selfie camera has a single lens. It’s clear the handset isn’t the Lite version, because the screen has curved edges".

In December last year, the media reported that Samsung plans to integrate a crypto cold storage into S10 model following the company’s filing of trademarks for Samsung blockchain. At the time, SamMobile executive editor Adnan Farooqui confirmed that the company is developing cryptocurrency wallet for its integration into the Galaxy S10.

In July last year, Samsung Insights reported that the most suitable device for integration of cryptocurrency wallet is a mobile phone because it has a secure execution environment (Trusted Execution Environment).

Unlike laptops, personal computers and other devices, smartphones have a built-in environment that operates independently of memory and storage. The data located in a TEE, can't be changed by the operating system, which completely eliminates the possibility of security breaches and the effect on the data. Cryptocurrency wallet that is integrated in a mobile phone with TEE, can function much more efficiently than its counterpart for laptops and PCs.

If the official smartphone model Galaxy S10 will indeed have an integrated wallet for storing Bitcoin and Ethereum, it is likely to be a serious threat to HTC and similar companies as well as projects to create a blockchain-phones supporting only cryptocurrencies.


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Ethereum

Ethereum | ETH

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Ripple

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Monero

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IOTA

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