Samsung Galaxy S10 With a Crypto Wallet?steemCreated with Sketch.

in #crypto2 years ago

Rumours are abound after it appears that a Samsung insider has leaked images of a new Galaxy S10 model with what appears to be a native crypto wallet in-built.

Mid-Winter is when Samsung usually unveils the next model of its Galaxy series phone, and with high expectations on what the tenth model in the series will be capable of, leaked images appear to show the new phone operating an in-built cryptocurrency wallet.

S10 with Crypto Wallet
a phone with an ultra-thin bezel, displaying what appears to be the setup screen for a native cryptocurrency wallet. The name Samsung Blockchain Keystore can be read as well as the text, “Samsung Blockchain KeyStore is a secure and convenient place for your cryptocurrency.”
The pictures look genuine and the device is identifiable as a Samsung model by the characteristic edge display and the in-screen “hole punch” camera, which recently appeared on the Galaxy A8 phone.

“We know it’s a Galaxy S10 phone because the punch-hole camera is placed near the top right corner. The A8s’ selfie cam is on the left side. Also, we know it’s a Galaxy S10 phone rather than a Galaxy S10+ model because it features a single-lens selfie camera. It’s clear the handset isn’t the Lite version, because the screen has curved edges, rather than flat.”

Mobile Crypto Wallets
It’s a mark of the inevitable integration of cryptocurrency into everyday life and a significant development that the world’s largest mobile phone manufacturer will begin to add crypto wallets to its devices. Think about what adding payment functions like SamsungPay or ApplePay did for mobile payments and then imagine what this wallet could do for crypto usage.

But let’s think about security for a moment. The ability to store crypto securely is a significant obstacle to overcome and with a mobile phone, which is constantly connected to the internet and sends and receives thousands of megabytes of data each day, one would be forgiven for being sceptical that a phone could ever offer an environment secure enough to store crypto natively.

Samsung, however, attest to the contrary; in July 2018, Samsung Insights published an article which stated that smartphones were one of the safest places to store cryptocurrency because of the presence of Trusted Execution Environments (TEEs). Joel Snyder, writes:
“The TEE is a separate execution environment with its own memory and persistent storage, completely isolated from the rest of the device. The Android OS can’t reach into the TEE, even if the former is completely compromised. The only way to get to and from the TEE is with an API that calls small applications running in the TEE “trustlets.”

“With a properly written wallet that uses trustlets to manage the keys, security is seriously tight.”

Laptops and Desktops do not use TEEs, which, Snyder argues makes them more vulnerable to hacks.

It should be noted though that these claims have come under fire from other tech experts who have said that they are far from bulletproof Cold storage wallets will always be safer. - official hardware wallet.

Security issues aside, these are doubtless times. If these wallet rumours do indeed turn out to be true when Samsung unveils the S10 next month, they may come as a blow to HTC which has been working on its own which has been Exodus 1 blockchain phone which supports crypto exclusively.

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Super excited if this ended out being true

Just wait little bit and we will see anyway this are very good news for crypto adoption :))
Thanks for your comment! ;)

I think a samsung phone with a native crypto wallet will definitely attract more people to the world of crypto. Its just a matter of time before everything will be run on blockchain(hopefully very soon!)

It will sooner or later! thanks for your time

I don't know... Samsung already gives a lot of apps I do not want... google is everywhere so this wat also in my Wallet?

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yeah, if we talk about privacy then its quite complicated question, much better to trust for hardware wallets as I'm mentioned in article, still this is good news for Crypto adoption.

It doesn't matter if no one use it. And for sure I won't. But what matters is that this will get the attention of the large masses for crypto when they release the phone. And when people hear samsung has bought into the crypto scene, we get more credibility and recognition. Unless the app was so shitty and gets hacked. But that's unlikely.

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If it comes to advertisement you are right

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