The Korean mobile manufacturing giant, Samsung, has unveiled its latest smartphone, the Galaxy S10, which will include an in-built storage for private cryptocurrency keys, the company announced via a press release on Feb.20.
The launch of the company’s latest addition to its flagship range took place in Seoul, San Francisco and London, with four unique devices in the Samsung S10 line to be released in the market.
One feature of the said Galaxy S10 range states:
“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.”
The phone intends to provide crypto users with a new way of protecting and carrying their digital assets on person at all times.
Although Samsung is the first smartphone manufacturer to have taken entry steps into the blockchain/crypto industry, others like HTC and Sirin Labs have also announced smartphones with similar capabilities.
Last year, HTC announced the “first native blockchain phone,” HTC Exodus, which would purportedly support Bitcoin and Ethereum blockchains, among others, and featured HTC’s default browser Brave.
However, these HTC devices can only be bought using either Bitcoin (BTC) or Ethereum (ETH) while, Sirin Labs Finney smartphone, also launched last year and dubbed the world’s first blockchain smartphone, can be acquired only via Sirin token transactions.
This gives Samsung the edge over competitors since Galaxy S10 can be purchased using fiat currencies all around the globe and being the world’s most used smartphone brand may see it conquer this relative niche market pretty quickly.