• The Informer Post
  • Posts
  • Confirmed: Samsung Raises the Bar on Bitcoin and Crypto With Galaxy S10 Support for Private Key Storage

Confirmed: Samsung Raises the Bar on Bitcoin and Crypto With Galaxy S10 Support for Private Key Storage

February 20, 2019

Samsung has revealed that its flagship Galaxy S10, a new line of four premium smartphones, will feature secure storage for private keys, effectively turning the device into a cryptocurrency hardware wallet for Bitcoin and altcoins. The announcement wraps up a month of product leaks and speculation in the crypto community about how the South Korean tech giant may push mainstream adoption of cryptocurrencies.

The new family of smartphones includes the Galaxy S10, the Galaxy S10 Plus, the Galaxy S10E and the Galaxy S10 5G. The Galaxy S10 features a rich list of next-gen accessories and tech: a 6.1-inch display, three rear cameras, a single front-facing camera and an ultrasonic fingerprint scanner.

For crypto enthusiasts, Samsung’s decision to integrate support for private keys is a major sign that the company sees cryptocurrency as the future.

Its new product line promises “groundbreaking innovations” for consumers who want the fastest available speeds, ultimate mobility and a fully digitized data experience for money, movies, music, images and messages.

According to the announcement,

“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.”

The device also offers “intelligent WiFi” that switches between WiFi and LTE, and AI capabilities that allow the smartphone to learn which apps a consumer uses most frequently for faster launch.

Targeting gamers, a crypto-friendly demographic, the Galaxy S10 offers top-of-the-line features,

“Engineered for the best possible gaming experience, the Galaxy S10 is built with AI-based on-device gaming performance optimization software and premium hardware including Dolby Atmos for gaming mode and a vapor chamber cooling system. Galaxy S10 is also the first mobile device to be optimized for games created on the Unity platform.”

There is no confirmation yet on whether Samsung will introduce a native crypto wallet or enable third-party developers to build applications for crypto storage.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.