Samsung states that its Galaxy S10 device will automatically generate a blockchain wallet for users, allowing them storage and usage of up to 33 cryptocurrencies including Bitcoin and Ethereum.
With announced plans to be soon supported, the use of cryptocurrencies for apps and in-app activities, Samsung, the leading South Korean Smartphone Maker, has declared that it will be making Blockchain Wallets a standard part of its S10 Smartphones.
Packaged Wallet Supporting Over 30 Tokens
Samsung described that the Blockchain Wallet will be automatically generated on its S10 Smartphones and also support popular names like Pundi’s NPXS, Basic Attention Token, Binance Coin, TrueUSD and Klaytn, a coin from South Korea’s own internet provider-Kakao. Press materials said that the Wallet supports up to 33 cryptocurrencies.
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Samsung Galaxy S10
The Wallet also utilizes KeyStore, an open-source interface for handling cryptographic keys and certificates. Users will be able to handle a cryptocurrency account, backup their holdings, engage in payments and transactions and also perform digital signatures. It was reported that the KeyStore will be available for Samsung’s Galaxy S10e, S10, S10+, S10 5G, Note 10 and Note 10+, respectively.
Increased Use of Crypto
The reports of the Blockchain Wallet began in August with Samsung revealing that it had begun work with a Blockchain Software Development Kit (SDK). Recently, it was reported that Samsung had added a decentralized App to its store that allows for the trading of mobile data using PayPal or cryptocurrencies.
It has also been reported that in a statement provided to South Korean news agencies, Samsung indicated that it has plans to support the use of Bitcoin in its Apps.