Samsung Galaxy Preloaded With Crypto Wallet

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Samsung Galaxy Preloaded wallet

 

Galaxy S10 Now Houses Private Keys

On Wednesday, Feb. 20, 2019 the smartphone manufacturing behemoth Samsung Electronics launched its flagship smartphone, the Galaxy S10. Crypto enthusiasts will be excited to hear that the brand-new phone includes the company’s proprietary Samsung Knox security system which stores blockchain-based private keys.

The relationship between Samsung and cryptocurrencies is official as the company has released its newest Galaxy series that features a security system particularly developed to house digital currencies. This Wednesday, the South Korean electronic devices manufacturer revealed the launch of the new Galaxy S10s which will be offered in shops and online on March 8 throughout select markets. The smartphone is the very first HDR10+ accredited device, provides access to next-generation Wi-Fi 6 and features an Exynos 9820 chip. But cryptocurrency enthusiasts will be really happy to hear that the phone will include pre-installed hardware called Samsung Knox which is aimed at safeguarding blockchain assets.

“The Galaxy S10 is constructed with defense-grade Samsung Knox, along with safe and secure storage backed by hardware, which houses your personal secrets for blockchain-enabled mobile services,” explains the firm’s announcement.

Samsung Launches Galaxy Series Preloaded With Cryptocurrency Wallet
Samsung Galaxy S10 series. The company has also introduced a foldable phone which will likely support Samsung’s Knox security.

Galaxy series which houses private keys for
blockchain-enabled mobile services

Samsung had tried to keep the cryptocurrency focused hardware system under the radar for months, but had problems with leaks. For instance, on Dec. 19, a Norwegian television station unintentionally aired the smartphone’s first commercial. Then on Jan. 27, leaked photos had shown images of the ‘Samsung Blockchain Keystore,’ which reportedly will start off by supporting ethereum (ETH) and bitcoin core (BTC). Samsung had previously filed for a smartphone crypto wallet trademark on Dec. 28, 2018. The “Samsung Crypto Wallet,” trademark UK00003363431 explains the wallet is meant for smartphones, tablets, portable computers, and other types of devices. The software is for “use as a cryptocurrency wallet for cryptocurrency transfers and payments using distributed ledger technology,” the trademark details.

Samsung Launches Galaxy Series Preloaded With Cryptocurrency Wallet
Leaked photographs of Samsung’s Blockchain Keystore.

Samsung Trolls the Blockchain Phone Trend

The business’s trademark Samsung Knox mobile security service is suggested for protecting essential information like passwords and personal keys. The Knox website emphasizes that people and organizations use smartphones every day for banking and accessing business info. Knox is indicated to safeguard that data if it falls under the wrong hands the company declares. Interestingly, Samsung’s security software application has a white paper that says Knox is used widely throughout markets such as government, finance, and health care.

Samsung’s entry into the blockchain space follows the mobile phone giant HTC and the first cryptocurrency-centric mobile phone called Exodus. Then there’s Sirin Labs’ Finney phone being cost the company’s flagship store in London for $999. Samsung also launched the Galaxy Fold this week which may have the integrated Samsung Blockchain Keystore and can fold in half.

What do you think about the new Galaxy series which houses private keys for blockchain-enabled mobile services? Let us know what you think about this subject in the comments section below.


Image credits: Samsung, and Twitter. 

 

The post Samsung Launches Galaxy Series Preloaded With Cryptocurrency Wallet appeared first on Bitcoin News.

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