Samsung Continues Support for Crypto with New Flagship Smartphone

Samsung Electronics’ newly launched Galaxy smartphone will come with the same crypto storage facilities found on previous models.

Unveiling the Samsung Galaxy S20 range recently, the Korean tech giant said the phone’s security system includes a new “secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key.”

Although Samsung gave much more website real estate to the S20’s improved battery-life and picture-capturing capabilities, the reference to private keys suggests Samsung’s new model will continue to have the same cryptocurrency storage facilities found in previous models.

Cryptocurrency private key storage will be available as standard across the entire S20 range.

Samsung first added support for cryptocurrencies in March 2018, when it integrated a wallet device into its then-top model, the Galaxy S10. In July, the company introduced a developer kit that allowed third parties to create specially designed dapps for the phone. One such dapp allowed users to pay for goods and services in stored cryptocurrencies by scanning a merchants’ QR code.

At the time of launch, the wallet was only compatible with ether and ER20 tokens, but Samsung added support for bitcoin in September and included TRON later that year in October. Although initially exclusive to the S10 range, the company said in May that it wanted to “lower barriers” and add cryptocurrency support for some of its more budget models.

The S20 range is expected to go on sale on March 6.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

For a Hedge Against Inflation - Click the Rocket!

E-Crypto News Executive Interviews

Blockchain/Cryptocurrency Questions and Answers

Read This Before Buying Your Cryptocurrencies With A Credit Card
Read This Before Buying Your Cryptocurrencies With A Credit Card
December 1, 2022
2023 Crypto predictions
Top 10 Cryptocurrency Predictions for 2023
November 30, 2022
How Does Web3 Resolve Fundamental Issues In Web2?
How Does Web3 Resolve Fundamental Issues In Web2?
November 29, 2022
Trading
How to Get Started with Automated Crypto Trading?
November 25, 2022
Cryptocurrency
How to Get a License for a Cryptocurrency Exchange
November 24, 2022

Automated trading with HaasBot Crypto Trading Bots


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin17,263 0.17 % 2.66 % 0.44 %
Ethereum1,285.2 0.31 % 4.25 % 1.05 %
Tether1.001 0.61 % 0.02 % 0.03 %
BNB283.64 0.09 % 0.32 % 2.79 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
Binance USD1.000 0.15 % 0.14 % 0.18 %
XRP0.4687 0.46 % 4.02 % 4.38 %
Dogecoin0.09861 0.09 % 3.03 % 8.39 %
Cardano0.3158 0.10 % 2.12 % 1.42 %
Polygon0.9256 0.23 % 4.15 % 0.85 %

bitcoin
Bitcoin (BTC) $ 17,225.09
ethereum
Ethereum (ETH) $ 1,281.59
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 290.01
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 0.99956
xrp
XRP (XRP) $ 0.39223
dogecoin
Dogecoin (DOGE) $ 0.098171
cardano
Cardano (ADA) $ 0.314995
matic-network
Polygon (MATIC) $ 0.925808