Samsung Delves Into Crypto Wallets With “KeyStore”
In December, as reported by Ethereum World News previously, SamMobile ran a story claiming that Samsung registered trademarks for a “Blockchain KeyStore,” among two other supposed products that involved the innovations. It was believed that the offering revealed that the South Korean tech giant was working on a crypto asset wallet.
A month after that, leaked images of Samsung’s next flagship device, the Galaxy S10, showed a pre-release version of KeyStore that said it only supported Ethereum, yet showed a picture of Bitcoin. Some claimed that this must of been a mistake/glitch, while others noted that this was entirely legitimate. These rumors were recently put to rest.
In Samsung’s Unpacked event, which came alongside the issuance of a company release, it was confirmed that the device would have a cryptocurrency wallet (or at least a semblance of one). The release reads as follows:
Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.
More likely than not, the offering will support Bitcoin, Ethereum, ERC-20 tokens, Bitcoin Cash, and many crypto collectibles. Yet, considering the nebulous wording of the release, it isn’t all too clear.
Trader “Lord of Crypto” remarked that this could potentially be the “most bullish news” of 2019. As seen below, the industry commentator noted that the fact that Samsung, the world’s most prominent smartphone provider, has effectively endorsed cryptocurrencies should be a positive sign. He added that many are underestimating the magnitude of this news, as other technology companies could follow suit.
Leading industry analyst Joseph Young also echoed this thought process over recent weeks, explaining that Samsung’s wallet could be just as important as an “ETF and Bakkt combined.”
He explained that common Joe consumers aren’t aware of Bakkt or crypto-related investment vehicles, but would understand if Samsung were to add a newfangled application to their devices.
More About The Galaxy S10
So now that you know more about Samsung’s latest crypto offering, here’s a bit more about the Galaxy S10 itself. The phone is one of 2019’s flagship devices from a leading manufacturer. It comes in three distinct subsets, the S10E ($750), S10 ($899), and the S10+ ($999), which are all slight variations on the middle model.
The S10 and the Plus have Samsung’s prominent “Infinity Display” that wraps around the edges, which is also AMOLED, has a Quad HD+ resolution, and touts a 19:9 aspect ratio.
The device’s specifics are as follows:
- System-on-chip: Snapdragon 855 for the U.S., and Exynos’ latest offering in other regions
- Memory: Eight GB or 12 GB
- Storage: 128 GB to 512 GB for the S10, and up to 1TB for the Plus
- Battery: 3,400mAh (S10) / 4,100mAh (S10 Plus)
- Cameras: Rear wide angle, telephoto, and ultrawide, along with two selfie cameras.