Samsung says its Galaxy S10 device will automatically generate a blockchain wallet for users, allowing them storage and usage of up to 33 cryptocurrencies including Bitcoin and Ethereum.

With reported plans to soon support the use of cryptocurrencies for app and in-app activities, leading South Korean smartphone maker Samsung has announced it will be making blockchain wallets a standard part of its S10 smartphones.

According to Name Coin News, Samsung will be packaging a blockchain wallet as standard in its latest S10 device, allowing users to store and utilize cryptocurrencies such as Bitcoin and Ethereum.

Packaged Wallet Supporting Over 30 Tokens

Samsung explained that the blockchain wallet will be automatically generated on its S10 smartphones and also support popular names like Pundi’s NPXS, Basic Attention Token, Binance Coin, TrueUSD and Klaytn, a coin from South Korea’s own internet provider kakao. Press materials said the wallet supports up to 33 cryptocurrencies.

The wallet utilizes KeyStore, an open source interface for handling cryptographic keys and certificates. Users will be able to manage a cryptocurrency account, backup their holdings, engage in payments and transactions and perform digital signatures. It was reported that the KeyStore will be available for Samsung’s Galaxy S10e, S10, S10+, S10 5G, Note 10 and Note 10+.

Paving the Way for Increased Use of Crypto

Reports of the blockchain wallet began in August with Samsung revealing it had begun work with a Blockchain Software Development Kit (SDK). It was more recently reported that Samsung had added a decentralized app to its store that allows for the trading of mobile data using PayPal or cryptocurrencies.

In a statement provided to South Korean news agencies, Samsung indicated it has plans to support the use of Bitcoin in its apps.

Source: www.namecoinnews.com

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