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The biggest online Samsung community named SamMobile is in the focus of this post on our DC Forecasts crypto news site – after spilling out rumours that the electronics giant is planning to integrate a cold wallet system into its upcoming Galaxy 10 phone.

As the senior executive editor at SamMobile wrote:

“After hearing about the trademarks for Samsung’s blockchain and cryptocurrency software, we decided to dig around a little deeper. We can confirm that the company is indeed developing one and that it may be launched with the Galaxy S10.”

Samsung, which is the largest conglomerate in South Korea, has been most dominant over many of the country’s major sectors such as insurance, online payments, car manufacturing, asset management as well as property development  – demonstrating a clear interest towards the cryptocurrency sector.

Speaking of, Samsung entered the cryptocurrency sector with a venture focused on Bitcoin mining, creating mining equipment directly from its base in Suwon (South Korea). Over the past couple of months, other reports claimed that the tech giant has been working with Halong Mining in China and Squire in Canada, but as of December the official distributors of Samsung’s ASIC mining chips remain unclear.

If the company is about to enter the cryptocurrency exchange market, it will have to build a new infrastructure from the ground up.
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According to SamMobile, a wallet may get integrated into the Samsung Galaxy S10, allowing users to import their data from wallets such as MetaMask and Trust Wallet to transact natively with the smartphone.

“Samsung’s cold wallet app will enable users to import their existing wallets from third-party services like Metamask or TrustWallet. They will also be able to create a new one in the app itself. The cryptocurrencies and tokens supported initially may include Bitcoin, Ethereum, Ethereum-derived token ERC20 and Bitcoin Cash,” the publication reported.