Samsung Bitcoin wallet could be days away

2866
samsung bitcoin wallet

Speculation is mounting that a Samsung Bitcoin wallet will be announced on February 21.

The date is when the tech-giant will hold its “Galaxy Unpacked” event in San Francisco and launch its new Samsung Galaxy S10 phone.

In December of 2018, rumours began to emerge that Samsung was releasing a cryptocurrency wallet with its newest phone.

News website Sammobile said “we can confirm that the company is indeed developing one and that it may be launched with the Galaxy S10.”

According to Sammobile, the cryptocurrency service would essentially have two parts.

One would be a cold wallet for saving cryptocurrency, public and private keys as well as signing private keys for cryptocurrency transactions, while the other would be a wallet for transfers, viewing account information and transaction history.

Then, last month, supposedly leaked images revealed the new phone does indeed have support for cryptocurrencies.

Samsung Bitcoin Wallet
The ‘leaked’ images of Samsung’s Galaxy S10 showing support for cryptocurrencies.

Joseph Young, a cryptocurrency and fintech expert with 95,000 Twitter followers, 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.” M

RELATED: Domino’s Pizza now accepting Bitcoin