Samsung to unveil crypto wallet
Samsung is launching a cryptocurrency service with the Galaxy S10, an integrated feature that allows users to store crypto coins.
The new batch of phones will include a cold wallet for digital currencies (i.e. a wallet which is not connected to the internet), as well as public and private keys. This allows the storing of the necessary signature information to execute transactions with these digital keys.
Although the firm says several currencies will be supported, only Ethereum has been confirmed by one leaked image.
The Samsung Blockchain KeyStore also includes a hot crypto wallet for viewing account information, transfers and transaction history.
Reports suggest the embedded Samsung crypto wallet application will also support imports of other third-party wallets.
It is important to note that other phone providers, like HTC, have already integrated this feature in some of their phones, however, HTC is no Samsung.
Samsung holds a smartphone market share of 21% worldwide. In 2017, the firm sold 317 million smartphones.
The new phone version of Samsung is not scheduled to hit markets until May of this year.