Samsung has just unveiled its cryptocurrency wallet for the recently launched Galaxy S10 smartphone.
The information was released by CoinDesk Korea a few days ago. The Samsung Blockchain Wallet is complatible with ERC-20 tokens that are based on Ethereum (ETH) and Bitcoin (BTC) is not yet supported by the device.
Samsung Unveils its Crypto Wallet
Samsung has revealed the crypto wallet that will allow Samsung S10 users to deal with ERC-20 tokens and Ethereum. The wallet is also able to support four decentralized applications (dApps) at launch, including Enjin, Cosmee, CryptoKitties and CoinDuck. These are different platforms for games, beauty, collectibles and merchant payments.
The interesting thing is that Bitcoin, the largest virtual currency in the market is not supported by the application. A few weeks ago, earlier pre-release presentation images showed Bitcoin’s logo. In the future, the intention is to add more cryptocurrencies in the future.
The wallet application can also be downloaded only on the Galaxy S10 from the Samsung Galaxy Store. Furthermore, they have informed that they want to make the app available on other devices. The device started shipping form pre-order sales as soon as on March 8.
Samsung has also confirmed that it will be offering crypto key storage on the S10 smartphone. The main goal is to have three broad features: payments to merchants, digital signatures and cryptocurrency storage and transfers.
Using the CoinDuck decentralized application, users can enter the amount to be paid, scan a QR code that provides a crypto wallet and users can send the payment through the Samsung Wallet.
On the matter, CoinDuck’s parent company, Chain Partners, commented:
“It was inconvenient to copy the address of the merchant’s wallet and past it into the personal wallet. We have dramatically improved the usability of CoinDuck and Samsung Blockchain Wallet.”
A few days ago, Enjin (ENJ) skyrocketed over 70% after confirming that it was working as a Samsung partner. Some media outlets in South Korea informed about the new partnership between Enjin and Samsung.
Indeed, Enjin will be providing crypto-related services to the new Samsung S10 devices released.