The latest flagship smartphone to come out of Samsung has caused quite a stir in the crypto community, as it will have integrated support for blockchain key storage.
The company announced the launch of the new phone in a February 21 press release, where it detailed the phone’s new features and upgrades. The new Galaxy S10 will feature an upgraded camera system with “advanced intelligence,” 8GB of RAM and 256GB of storage, as well as the ability to wirelessly charge other phones.
However, Samsung’s proprietary defense platform, Samsung Knox, generated the most buzz in the crypto community, as the platform will enable the new smartphone to have secure private key storage specifically made for blockchain-enabled mobile services. Samsung is yet to release any further details regarding the Knox platform and the phone’s crypto storage function. Until the Galaxy S10 officially hits the market, users will have to wait to see if the Knox solution will have other uses.
Samsung’s new Galaxy S10 has been the most anticipated smartphone of the year, as rumors about its possible new features began to circulate months before its release. Back in December 2018, community website SamMobile was among the first to who said that the new S10 could come with cryptocurrency features.
SamMobile predicted that Samsung’s new cryptocurrency service will have two parts – a cold wallet for saving coins and public and private keys for crypto transactions. A crypto wallet enabling the user to transfer funds, view their account information and transaction history was also rumored to be in plan.
The rumors started spreading once it was discovered that Samsung filed several patents regarding the technology. At the time, the company declined to comment and called the information “rumor and speculation,” but it seems that the predictions came true.