South Korean smartphone maker Samsung released a new gadget Galaxy S10, which is equipped with a device for storing private cryptocurrency keys. According to the media, it will be possible to store 4 cryptocurrencies in it, including bitcoins and ETH.

Rumors confirmed

The Samsung Galaxy S10 is equipped with cryptocurrency wallet and the Blockchain KeyStore for private key storage. Its screenshots were posted by the mobile applications marketplace T Store. Later The Verge reported that the cold crypto wallet in the Galaxy S10 supports four cryptocurrencies, which are bitcoins, Ethereum, Enjin Coin and Cosmo Coin. Thus, the publication confirmed earlier appeared rumors about the support of Enjin Coin, a digital coin based on the Ethereum blockchain and focused on gamers. Amid this news, Enjin Coin rose in price by 166% within the last 24 hours.

 

The smartphone will also support some decentralized applications. "Currently, Samsung’s main Dapp that’s available is called Cosmee, and it lets users earn Cosmo tokens in exchange for leaving beauty reviews in the app," The Verge reports. With it, users can earn Cosmo tokens in exchange for reviews of cosmetic products that will be stored in the blockchain. The developer of this application is the South Korean blockchain startup Cosmochain.

Furthermore, the Galaxy S10 would support contactless payments using cryptocurrency.

First rumors about Samsung's interest in cryptocurrencies appeared in December 2018. Samsung filed three applications for trademarks related to the storage of cryptocurrencies in the European Union. According to the Dutch news portal Galaxy Club, patent applications contained three technologies called ‘Blockchain KeyStore‘, ‘Blockchain key box‘ and ‘Blockchain Core‘. This was evaluated as an indication of Samsung’s interest in creating a smartphone with an integrated cryptocurrency wallet.

Competitors are not asleep

Last year, Israeli startup Sirin Labs released its Finney smartphone with a wallet for storing cryptocurrency, which costs $1,000. Also, HTC introduced Exodus gadget, which is available for pre-order since October 2018 and can be purchased only via cryptocurrency payment. It also has a digital currency wallet, which is separate from the rest of the phone’s memory for security reasons.

The Exodus 1 is equipped with a six-inch screen, Snapdragon 845 processor, 6 GB of RAM and 128 GB of internal memory, as well as a 3500 mAh battery. The smartphone is equipped with two dual cameras. Official Exodus sales will begin in December. On pre-order, the smartphone costs 0.15 BTC or 4.78 ETH, which is about $950 at the current rate.

Technical any phone on the Android OS can be turned into a wallet for storing cryptocurrencies and private keys.