Samsung Galaxy S10 Comes With a Cryptocurrency Wallet

The new Samsung Galaxy S10 is confirmed to come with a built-in cryptocurrency wallet. The app will be a part of the Samsung Knox software suite, designed to protect personal data of the phone user. According to the insiders, Knox will be available on all Galaxy S10 models.

In its announcement, Samsung said:

“Galaxy S10 is built with defence-grade Samsung Knox, as well as secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”

It is yet unknown how involved will the wallet set up be — some rumours claim that the system will prompt to set up the wallet during the initial setup of the phone, others say that you need to open the app manually first.

The existence of the wallet is not a large surprise — previously Samsung acquired several cryptocurrency-related patents for their mobile division. If all of them will be used, the new wallet will support all ETH-20 tokens, as well as the other major cryptocurrencies.

Despite Samsung claims, the new wallet is not as secure as the hardware wallets, simply because it allows for many more vectors of attack. However, it is a massive step toward the popularization of cryptocurrency.

by JustForex, 2019.02.26

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Open Account

Get Free Analytics

* required fields
Last Articles
All Articles
The Best Time to Trade USD/CAD
The US dollar and Canadian dollar form one of the most popular currency pairs. It represents a significant quota of daily trade. It's popular among both professionals and ultimate newbies.
Read more
Full Guide to Forex Trading in South Africa
Forex trading is a popular form of short-time investment and a source of additional or main income for many people all over the world. Forex trading is available in South Africa, but many potential traders just do not know how to make the first steps in this field. This full beginner’s guide explains the base of Forex and its key terms.
Read more
How to Learn Forex Trading for Beginners in 2022
We want to present a guide for beginner Forex traders that will give the main ideas on how to start Forex trading in the most effective way and how to earn on purchasing and selling currencies. Professional traders have designed the Forex trader tutorial whose extensive experience helped optimize its structure and content. It offers all the necessary information to start your trading journey in 2022.
Read more