Samsung adds ETH and BTC support on the upcoming smartphone

This feature will be available to Samsung users in the US, Canada, South Korea, UK and Germany, among other countries.
In 2019, Samsung had released Blockchain Keystore and effectively turned their phones into a cryptocurrency hardware wallet.

Rajarshi Mitra Independent Analyst

Samsung, the world’s largest smartphone vendors, has officially confirmed that its new line of smartphones will be offering support for cryptocurrencies, including Bitcoin and Ethereum. Describing the features of the upcoming Galaxy S20, Samsung stated that the new generation will include the firm’s proprietary app, which allows users to store private keys for BTC, ETH and Ethereum-based ERC20 tokens.

We created a secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key. Combined with the Knox platform, security is infused into every part of your phone, from hardware to software. So private data stays private.

In 2019, Samsung had released Blockchain Keystore and effectively turned their phones into a cryptocurrency hardware wallet. The electronics giant also unveiled a software development kit (SDK) to let engineers create apps that can connect to Keystore and sign transactions.

According to Statista data, Samsung sold 78.2 million smartphones across the world in the third quarter of 2019. The crypto app is presently available to Samsung users in the US, Finland, Iceland, South Korea, Canada, UK, Sweden, Germany, Portugal, Austria, Norway, Spain, Switzerland and Denmark.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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