Samsung’s latest flagship phone will include a dedicated secure storage function designed for cryptocurrency private keys.
The Galaxy S10, formally unveiled Wednesday, includes a new function targeted toward crypto holders in the form of the Samsung Knox, the world’s largest smartphone producer announced.
In a press release, Samsung explained:
“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.”
Further details were not immediately available, and Samsung did not immediately respond to a request for comment.
Still, the S10 joins a slowly growing line of smartphones designed with cryptocurrencies in mind, including HTC’s EXODUS 1 and Sirin Labs’ Finney, both of which were announced last year. However, Samsung is the largest phone manufacturer to unveil a blockchain aspect in a phone to date, and unlike either of its competitors, may see the widest distribution.
The Galaxy is Samsung’s flagship line, with four different devices falling under the S10 umbrella intended to fill as wide a market as possible. In contrast, the HTC EXODUS 1 can only be bought using bitcoin or ether, and the Finney can only be purchased using the Sirin token.
Rumors that the Galaxy S10 might include a crypto wallet have been circulating since last year, though the firm did not formally confirm these until Wednesday.
Samsung image via Mahony / Shutterstock
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