The New Samsung Galaxy phone confirms private key storage for cryptocurrency


In the past, we’ve been hearing a lot of rumors that the new Samsung Galaxy phone might have support for cryptocurrency and blockchain technology.

Today it was confirmed that the new Samsung Galaxy phone will indeed have private key storage.

The company said its Galaxy S10 will enable users to securely store cryptocurrency private keys. Per the release:

“Security: Galaxy S10 is built with defense-grade Samsung Knox, as well as secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”

Earlier this year, images of Samsung’s flagship Galaxy S10 device showed support for cryptocurrencies within the device. The “Samsung Blockchain KeyStore” is described as both “a secure and convenient place for your cryptocurrency” and somewhere to “secure and manage your blockchain private key.”

samsungs10

Previous leaks in December implied that Samsung’s Galaxy S10 would include a wallet app with two parts: a cold wallet for storing cryptocurrency and private keys and a hot wallet for crypto transactions.

Pre orders for the phone

Preorders for the Galaxy S10, Galaxy S10+ and Galaxy S10e begin tomorrow, February 21, 2019, at 12:01 am ET. Consumers who pre-order a Galaxy S10 or Galaxy S10+ between February 21, 2019 and March 7, 2019 will receive free Galaxy Buds ($129.99 value). Consumers who trade-in an eligible device on samsung.com or the Shop Samsung app can also get up to $550.18

Galaxy S10 5G will be available through Verizon Wireless exclusively for a limited time in the first half of 2019. AT&T, Spectrum Mobile, Sprint, T-Mobile and Xfinity Mobile will launch at a later date this summer.

Some other new features will include the new AI software on the Galaxy S10 automatically optimizes battery, CPU, RAM, and even device temperature based on how you use your phone, and continues to learn and get better over time. Leveraging AI-capabilities, Galaxy S10 also learns how you use your device to launch your most frequently used apps faster.

 


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Edith Muth

Edith Yue is CryptoMeNow's analyst. She loves to do intensive research on how blockchain will make an impact in our society. You can contact Edith at Edith@cryptomenow.com

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