The world’s leading smartphone giant, Samsung, has officially announced the release of the Samsung Galaxy S10 on Wednesday, 20 Feb 2019. But has got the attention of cryptocurrency community as the unveiling of the anticipated flagship device is set to feature a built-in Cryptocurrency Wallet.
Here is a video that has surfaced on Twitter of the Samsung Galaxy S10 featuring its integrated Cryptocurrency Wallet, of what seems to be a user friendly application that lets users send & receive Ethereum
Preorders for the Galaxy S10, S10+ and S10e is set to begin on February 21, 2019. The cheapest device is to be priced at USD 899.99 for the Galaxy S10, whereas it costs USD 999.99 for the Galaxy S10+, and USD 749.99 for the Galaxy S10e.
Users can now officially store Bitcoin, Ethereum and a variety of Altcoins using their new Samsung smartphones. Such a move would be a game-changer for the Crypto Industry as there will be millions of customers who have direct access to a Bitcoin Wallet at the palm of their hands.
Integrating what is known as Samsung Knox into the Galaxy S10, essentially allows the end users to utilize Samsung’s hardware security to store & secure private keys using a mobile device. The new model is engineered to meet the distinct needs of today’s cryptocurrency enthusiast.
Security: ‘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.’
Prior to this launch, smartphone giant HTC rolled out their first smartphone catering to Blockchain enthusiasts called The Exodus. The new Galaxy S10 is set to come with a Exynos 9820 chip with PUF technology. Designed to be the ideal processor to not only support a native cryptocurrency wallet, but provide a higher standard of security for storing private keys.
While not being the first smartphone manufacturer to join in on the crypto-bandwagon, Samsung has previously expressed interests in distributed ledger technology (DLT). Besides offering an integrated Cryptocurrency wallet, the South Korean tech giant is committed to testing the promising technology to determine its potential use for Industrial Internet of Things (IoT) and enhancing Cybersecurity.
Samsung’s all terminals payment solution: Samsung Pay, could be next-in line to support a Crypto Wallet. Samsung has been diversifying the company's focus towards distributed ledger technology as the electronics and manufacturing giant seeks to make strategic investment in this fast growing sector. For now the company is backing, funding, and has partnered up with Blocko back in 2016; the South Korean blockchain-as-a-service provider helping the Central Bank of Korea test pilot a Blockchain-based micropayment system.
Samsung SDS, the ICT arm of Samsung Group is working on solutions to utilize advanced platforms, AI and Blockchain technology. Utilizing Coinstack, the proprietary software that is the core building block of the enterprise-ready solution, AERGO, Samsung has been busy at developing its own enterprise blockchain structure known Nexledger as well as offering services to the Samsung credit card
The sheer fact that South Korea’s biggest company is exploring futuristic technologies in hopes of developing commercial blockchain services, along with consumer adoption through built-in crypto wallets in a globally recognized and used smartphone brand, the Galaxy S series, is clear indication that Blockchain is being adopted and tailored for mass adoption