One of the largest tech conglomerates in the world Samsung announced that its new S10 smartphone will have a built-in cryptocurrency wallet and in our latest blockchain news we find out more about the new Galaxy phone.
With the new S10 Galaxy phone, millions of users around the world will be able to store their cryptocurrency securely which will eventually pave the way for mass adoption of cryptocurrencies. In 2018 in Q4 alone, Samsung managed to ship more than 70 million smartphones around the world. The phone is built with high-level defense grade Samsung Knox and secure storage.
The sprawling international reach of Samsung’s smartphone market will ensure that millions of new users around the globe will have the ability to securely store their own cryptocurrencies, which could provide further inroads toward the mass adoption of digital assets. In Q4 2018 alone, the company shipped more than 70 million smartphone units around the globe.
The new models will start selling from $749.99 to $999.99.
The built-in wallet comes after Samsung filed three crypto patents with the Intellectual Property Office of the European Union last year in December. Samsung also published a blog post named ‘’Why smartphones Have The Best Security For Blockchain And Cryptocurrency’’ in which the company explains how smartphones are ideal to store spendable cryptocurrency.
However, having a built-in wallet for smartphones doesn’t mean an end to hardware wallets like Trezor and Ledger since their offerings are still perfect for offline holdings. There is massive competition in this area since Huawei had its own pre-installed BTC.com wallet for their smartphones last year.
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