Samsung Launches Galaxy S10 With Crypto Support

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A few weeks back I had written about how Samsung was rumoured to launch crypto related features in its next flagship phone, the Galaxy S10. Well, today was the launch event, and it seems like Samsung has actually done it.

According to a report from CCN, Samsung has integrated a feature called "Samsung Knox" into the Galaxy S10, which uses defence grade hardware security to store private keys for blockchain applications.

Now, at this moment, the phone doesn't come with a native cryptocurrency wallet, which would be one of the blockchain applications that the feature would support. But earlier leaks and rumours have stated that Samsung could be launching at least Bitcoin and Ethereum native wallets in the future.

It seems though that developers will be able to use this feature to create hardware wallets of their own, essentially turning your Galaxy S10 into a cold storage option for you.

Why This Is Importnat

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We all know that storing your cryptocurrencies in hardware wallets is much safer than storing them in your exchange wallets. The reason is simple. When you store them on hardware wallets, you own the private keys yourself which is not the case when you store them on exchanges.

So, you don't have to worry about exchanges running away with your funds or getting them hacked by hackers and losing your precious portfolio that you accumulated with blood, sweat and tears.

That is why products like Ledger's hardware wallets have become so popular in the recent times. It is always advisable to store your crypto in devices like these if you start accumulating an amount that you think is significant.

Samsung entering the crypto space is a huge news and it will definetly push other tech giants like Apple and Google to come up with solutions of their own. I'm surely looking forward to more developments and mainstreaming in the months and years to come.

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Samsung Knox was already present in many devices. How is different now? Is it only a different way to use it?

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List of SAMSUNG device which supports KNOX:
Galaxy A: Galaxy A3. Galaxy A3 (2016) Galaxy A5. Galaxy A5 (2016) Galaxy A7. ...
Galaxy E: Galaxy E5. Galaxy E7.
Galaxy J: Galaxy J. Galaxy J3 (2016) Galaxy J5. Galaxy J5 (2016) ...
Galaxy S: Galaxy S7. Galaxy S7 edge.
Galaxy S6: Galaxy S6. Galaxy S6 active. Galaxy S6 edge. Galaxy S6 edge+

I guess, the ability to store private currencies is what's new this time.

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Great news. Surely crypto will replace fiat currency one day.

Many seem to think so. I think in a distant future that might happen.

Oh nice! One more reason to upgrade from 9+

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The biggest thing regarding this, (yes, it's pretty freaking awesome), is, of course, how will it affect the Steem community? I would love a hardware option that i can use for other things to store my Steem. I never found the justification for one of the Ledger wallets, unfortunately.

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If only they could support steem too. In time, most will.

Hopefully. The big question, what can we do to make that happen?

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You got a 49.95% upvote from @ocdb courtesy of @sauravrungta! :)

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