Samsung has finally added Bitcoin support for its smartphones, after launching the Galaxy S10 in March 2019 with a private key wallet called the Blockchain Keystore. Private keys are crucial for the operation of decentralized applications (DApps) and using cryptocurrency.
Samsung’s Blockchain Keystore — announced earlier this year — had previously provided cryptocurrency storage and transactions for ether (ETH) and other ERC-20 tokens, but not Bitcoin (BTC), the most widely traded cryptocurrency in the market.
This August, Samsung discreetly released features that support Bitcoin for its software development kit (SDK) for the Galaxy S10, including the S10e, S10, S10+, and S10 5G, along with the Note10 and Note10+ handsets.
The addition of Bitcoin features coincides with the crypto’s recent surge. BTC now accounts for almost 70 percent of the cryptocurrency market by value. By contrast, Ethereum only has 8 percent of the market by value.
With the SDK, Android devices can connect blockchain addresses to the Blockchain Keystore, allowing them to carry out cryptocurrency transactions. However, this feature is only offered in certain countries, such as South Korea, Spain, Switzerland, Canada, Germany, the United States, and the United Kingdom.
These new SDK features also support the native token of the Klaytn blockchain, KLAY, introduced earlier this year by South Korean internet giant Kakao. Its blockchain subsidiary, Ground X, has also recently revealed the soon-to-be-launched Klip, a wallet for KLAY.
As of this writing, Samsung has listed 17 DApps in its Keystore. Sources have confirmed that the company is developing its own Ethereum-based blockchain platform, with the possibility of eventually releasing its own token.
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