Samsung announces cryptocurrency wallet for GalaxyS10

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samsung cryptocurrency
An official image from the Samsung website.

Tech-giant Samsung has released details about its new GalaxyS10, and it includes a cryptocurrency wallet.

The company made the announcement at its Galaxy unpacked event in San Francisco.

“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,” Samsung said.

This will enable users of the device to send and receive cryptocurrencies, including Bitcoin and Ethereum.

This is confirmation of the rumours Micky has been reporting since December of 2018.

Then in early 2019, supposedly leaked images revealed the new phone does indeed have support for cryptocurrencies.

Joseph Young, a cryptocurrency and fintech expert with 95,000 Twitter followers, has previously said the development would have a bigger impact on Bitcoin than Bakkt or an exchange traded fund (ETF).

“If Samsung integrates crypto to Galaxy S10, I think it may have a bigger impact than ETF and Bakkt combined,” Mr. Young said.

“Partially because no one really knows what kind of exposure (an) ETF / Bakkt will bring … while millions of people use Samsung phones daily.”