Bitcoin [BTC] and Ethereum [ETH] wallet-support speculated to be available in the new Samsung device

Samsung, the South Korean electronics giant has given a boost to the cryptocurrency industry by unveiling their new Galaxy S10. According to a leaked video, the smartphone has a feature for a cryptocurrency wallet with Bitcoin [BTC] and Ethereum [ETH] support.

On their official website, Samsung has mentioned that the new Galaxy S10 will support private keys for blockchain-enabled applications. However, the company has not confirmed if it includes cryptocurrencies as well.

The website read,

“Security: Galaxy S10 is built with defence-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”

Earlier in January, several Samsung insiders citing leaked pictures had revealed that the Galaxy S10 will feature a built-in crypto-wallet. The pictures suggested an option for users to set up their wallet, wherein they can import an existing wallet, allowing users to transfer cryptocurrencies from a previous wallet or create a new wallet.

Furthermore, the new Samsung device boasts an Exynos 9820 chip with PUF [Physical Unclonable Function] Technology meant to foster a unique identity for the microprocessor. Han Ho-hyeon, an IT expert stated that this chip would serve the device well if used to process a cryptocurrency wallet and increase the security of private keys.

Below is a snippet from the leaked video showing Ethereum support on the new Samsung device,

A cryptocurrency-focused feature as an addition to a smartphone has been implemented by mobile-phone pioneers like HTC already. However, a smartphone feature as an addition to a primarily cryptocurrency-specific device was spearheaded by SIRIN Labs, with their device Finney.

The “Crypto Phone” Finney was rolled out in December and was specifically geared towards cryptocurrency enthusiasts as it featured a cold-storage wallet, a decentralized application [DApp] center, token conversion services and a three-factor authentication protocol for enhanced security.

Made in collaboration with FIH Mobile and using IOTA’s Tangle technology, Finney was priced at a whopping $999 and even had Lionel Messi as their brand ambassador during their launch in Barcelona in November 2018.