With South Koreans driving an estimated 35-40% of global Ethereum trade at one point, and nearly 30% of South Koreans having invested in cryptocurrency, it’s no surprise that they are at the front of blockchain’s large-scale push. In a February 20th press release, Samsung announced that their upcoming Galaxy S10 will include storage for private crypto keys for blockchain-enabled mobile devices.
The press release emphasized three core features that will set the Galaxy S10 far ahead of other smartphones, including;
- Gaming performance optimization, and most importantly
Furthermore, the Galaxy S10 includes; fast wireless charging, water and dust resistance, a next-generation processor, and various Samsung services (Bixby, Samsung Health, Samsung Pay, and Samsung DeX).
The “Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.” When pressed by CoinDesk about the Knox solution, Samsung did not respond to their request for comment.
Rumors about the rollout of a crypto wallet and private key compatibility have been circulating for the last year. However, this is the first official confirmation of private key solution for blockchain-enabled mobile devices.
Keep in mind that Samsung isn’t the only major smartphone producer to have integrated crypto-related technology and capabilities into its smartphones, as HTC launched the “first native blockchain phone” in May of 2018. And, in December 2018, Sirin Labs launched their Finney Phone – a state-of-the-art smartphone for the blockchain age.
You can find Samsung’s recent press release about the Galaxy S10 here. Finally, make sure to follow our blockchain blog for the latest cryptocurrency news, updates, and informative articles. And, please do let us know any topics you’d like us to write about! We’re trying to bring as much content as we can to the blockchain ecosystem this year, so we’re more than happy to write about your favorite projects, ideas, and concepts.