Rajarshi Mitra
Independent Analyst
- 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.
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.
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