As per an official press release, The new Samsung smartphone, the Galaxy S10, will have storage for private cryptocurrency keys. Samsung announced the launch of its new phone on Feb. 20, in Seoul, San Francisco, and London.
According to the press release the new phone includes the Samsung Knox function:
“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.”
Something on these lines was rumored way ahead of the S10’s release. The phone was touted to support cryptocurrency wallets and DApps. Just last month, some images surfaced that allegedly portrayed a “Samsung Blockchain Keystore” on the Galaxy S10.
The leaked photo included an Ethereum (ETH) wallet option in the “supported cryptocurrencies” list. However, no such wallet option has been mentioned in the press release.
Not alone in its venture to incorporate crypto-related capabilities into smartphones, Samsung is budding heads with HTC. The Consumer electronics corporation unveiled HTC Exodus, “the first native blockchain phone,” that will support multiple blockchains, including Bitcoin (BTC) and Ethereum networks and features Brave as its default browser.
Sirin Labs launched Finney, the ‘world’s first’ blockchain smartphone in December 2018.
Read more: BitGo Offers $100 Million In Crypto Insurance In Collaboration With Lloyd’s of London