Samsung Galaxy S10
Samsung Galaxy S10 Features In-built Crypto Wallet
September 12, 2019
Samsung Galaxy S10
Samsung Galaxy S10 Features In-built Crypto Wallet
September 12, 2019

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.

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.

ALSO READ :  "Finney" - The First Blockchain Smartphone to be launched in Bangladesh

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.


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

A Brief Overview On Wrapped Token

A Brief Overview On Wrapped Token

A wrapped token is an ERC-20 token with a value identical to another asset that it represents, either through a smart contract or by being backed one-to-one with the underlying asset. It is an asset hosted on the...

Blockchain in the Tourism Industry

Blockchain in the Tourism Industry

Tourism can be defined as traveling to a place that is different from your home city or country for various leisure or business purposes, and staying there for some considerable period of time at a length. It becomes...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. She is an archetypal writer, who loves to create her own little world with words and locutions. Apart from this, her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!